NZDUSD - Setup for a long.

NZDUSD giving us Bullish Bat pattern with a pivot right on the 88.6 fib level. This setup looks not bad, because of divergence we have, but still I prefer to wait for some price action confirmation.


***Trade carefully and have a great week everyone!!!

Comment:

No entry, because bears are still in control, now there is one more possibility for price to break the low and then go up, because we are in (w;x;y;x;z) correction on the higher time frame and price can go for the last push to finish the Z wave. I'll try to keep you updated.

Comment:

Moving stop loss to profit and taking half of the position.

Trade closed: target reached:

Okay guys, I'm taking profit from this one. You should do the same but it is your choice. Target is just a few pips away so I consider this to be a solid winner.