FX:NZDUSD   New Zealand Dollar/U.S. Dollar
206 1 1
After a long decline in the NZDUSD             we can find a clear triple bottom confirmed with a nice loss of momentum (see how the AO had shown high low this time), even more inside the bottom we find a small support into the bottom which improves the chances because gives us a better risk reward ratio, but the problem is the down trend line that still have to be broken, and afther it we find a phantom resistance at 7892. Therefore I'll prefer the entrance in this possible buy AFTER the trendline break out and only if a pullback happens, because as you can see, the risk reward ratio other way will be really no so good.
7pasos PRO
3 years ago
Now is a good time to look for a intraday reversal to the upside rally but if the price gets lower will be even better
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