MrVolcano
Long

NZDUSD - 4hr BE/Morning star. Price is reversing

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
76 0 0
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.
Trade active: SL moved to BE
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