FX_IDC:NZDUSD   NEW ZEALAND DOLLAR / US DOLLAR
On FX:NZDUSD             , the price continue dropping last few hours and it getting close to the structure low at 0.6501, which is also act as support level. Sellers in control of price, but it is expected that they will start taking their profits soon and it will cause to price go up. Also, new buyers will step in, as big orders mostly placed at structure levels.
There is a valid Bat pattern , which gives clear guidance where to enter, take profit and put our stop loss. Thus, it is a high probability trade to go long.
T1 - 38.2%
T2 - 61.8%
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fxrandal
a year ago
Thank you!
Reply
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