NZDUSD - 4hr BE/Morning star. Price is reversing
A nice Bullish Engulfing signal has formed on 4h chart, breaking the upper short term trendline. It now looks likely that price will head higher from here.
This signal compliments the previous Morning Star that appeared on the D1 chart a few days ago. Price has just bounced off the lower support line and to me, this second signal confirms that the recent downtrend is over for now.
I think price could retest 0.7290 before selling off lower.
This signal compliments the previous Morning Star that appeared on the D1 chart a few days ago. Price has just bounced off the lower support line and to me, this second signal confirms that the recent downtrend is over for now.
I think price could retest 0.7290 before selling off lower.
Trade active:
SL moved to BE