NZDUSD Long Idea Fibonacci Confluence, Demand Area Forex
Reasons For Trade:
1. Fibonacci Confluence of 38.2 of previous impulse leg, 0.886 of recent impulse leg, 1,272 fix extension of recent retracement. 2. ABCD Pattern forming 3. Good Demand Area as price shot up from this zone in multiple ERC candles. 4. 200sma reaching the zone 5. Price is reaching over sold territory 6. Psychological round number 0.6600 in zone