FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Double top pattern played out well, now broke below support. Watching for price when retesting this zone for potential entry
Comment: 2 ways to enter this pair.. Watch for a reversal candlestick pattern to broken support now resistance, or a break & retest of the trendline
thanks @eazywayout will be watching for the breakout..do you use the Moving Averages in your analysis?
+1 Reply
eazywayout Tunga1983
@Tunga1983, welome! & yeah I use the 20MA, 50MA, & 200 ema.. the blue & red line look to be getting ready to crossover soon showing bearish pressure
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Tunga1983 eazywayout
@eazywayout, oh yes they are about to cross over. The 200 ema you use it for the trend or as your target TP
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eazywayout Tunga1983
@Tunga1983, sometimes yeah, I like to use 200ema for lower time frames like the weekly & daily
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