failathon

NZDUSD - Hard trade, but good pay off potentially

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
6
Extended "V" bottom on 4hr, with pennant more visible on 30min
See thepatternsite.com/extendvtopbot.html for pattern details

Risk of false breakouts always possible

So looking at >0.78000 for long to at least 0.80
or <0.774 for short

I could be biased but I always prefer longs for pennants

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.