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jojofang0901

NZDUSD Bottom of structure, reversal coming

Long
New Zealand Dollar / U.S. Dollar (OANDA:NZDUSD)  
jojofang0901 Updated   
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction
40
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chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction

Hello traders:

Lets take a look at NZDUSD, and how its latest development can give us great bullish opportunity.

After a strong bullish impulse up, price falls into this larger, higher time frame descending structure, correcting the price.

We can see the latest development has hit a previous lows, possible double bottoms.

The lower time frame did have a strong impulse move up after, good idea to look for bullish continuation corrections to confirm more upside from the price.

Thank you
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