VasilyTrader

NZDUSD: Multi Time Frame Analysis & Trading Plan

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar

Daily:
NZDUSD reached its current market low
strong rejection on Friday
+ RSI shows clear divergence.

4H:
false breakout of a falling channel & immediate recovery

1H:
double bottom pattern

Trading plan:
wait for a bullish breakout of a minor resistance and buy the market!
initial target 0.632

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