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Mihai_Iacob
Dec 3, 2019 1:50 PM

NzdUsd- ready for a 200+ pips rise Long

New Zealand Dollar/U.S. DollarFXCM

Description


We have been monitoring NzdUsd very carefully lately, waiting to see if the neckline of the H&S pattern will be broken.
Yesterday, after a long consolidation we had a violent break and the pair reached our target of 0.65.
At present, the pair is trading around 0.65 and small corrections are likely in the near future.

Strategy:
Buy dips under 0.65
SL @ 0.6420
First target 0.66
Second target 0.67
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