g2-rockach
Long

Bullish Bat Pattern potential NZD/USD

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
219 1 0
I am looking at building up a case to enter the market. There is an upward trend where the trend line has been hit on 4 occasions. The 86% fib is coming in at previous areas of support and resistance . The last 3 day candles have been short and the RSI is toward the oversold territory.

Reasons not to trade it: NZD showing weakness, Data coming out later today could be bullish for USD which could mean a break of the trend line.

Plan: to monitor and wait for all the news to come out today.
g2-rockach
2 years ago
Double bottom, and moving up now
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