PriceActionTrading
Long

NZDUSD BULLISH REVERSAL ZONE, AFTER BAT COMPLETION.

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
158 6 4
EDIT: PARDON ME REGARDING THE RSI DIVERGENCE PART. THERE IS NONE YET. "YET"
BUT SEVERELY OVERSOLD IT DEFINITELY IS.

SEE CHART FOR EXPLANATION.
BUYING NEAR THE 1272.
WITH STOP BELOW 141.4, MAYBE EVEN BELOW 161.8 DEPENDING ON HOW MUCH POSITION AND THE PRICE THAT I CAN GET IN AT.
I WILL TAKE POSITION AT 127.2, 141.4 AND EVEN 161.8 IF IT REACHES THERE.

THE 127.2 IS DERIVED FROM THE XA DOWN IMPULSE LEG.

NOTHING GOES DOWN FOREVER, RSI OVERSOLD SEVERELY.
"The best time to buy a company is when it’s in trouble." - WARREN BUFFET.

ALL THE BEST.
THUMBS UP IF YOU AGREE.
NO H4 CHART ATTACHED.
Hi priceaction my idea
NZDUSD
+1 Reply