adil992

NZDUSD potential BUY Double Bottom H4

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
First trade idea by myself.

Looking at a double bottom on a support line since 14th March with an inverted hammer forming and oversold on the RSI H4.

Price was originally in a rising wedge so may re enter, however there is the weekly resistance zone to take into account at 0.6825.

Stop Loss at 0.675 (15 pips) after S3 on pivot and previous low on 7th March

Take Profit at 0.679, 0.6813, and potentially 0.6835.

Watch out for USD news at due soon