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Ometrading
Apr 2, 2018 10:27 PM

38.2 fibonacci retracement+Triangle formation+MA200 rejection Long

NZD/USDOANDA

Description

After a big bullish wave, price has been in a correction structure the last weeks. A triangle pattern has been formed with a 38.2 % fibonacci retracement. We could see an impulse this week to MA50. Then we have a breakout of it to validate the pattern.
Stay tuned!!

Comment

Price is moving up till MA50. A break above the moving average would validate the pattern

Comment

Breakout has occurred yesterday, Today, price is still above MA50. 1/3 of the trade has been close .

Comment

We can expect a corrective structure till MA50 aprox to see a new bullish scenario

Comment

Order has been closed on breakeven
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