My analysis shows a likelyhood of NZDUSD to move up on the short term. This creates an opportunity for positioning long. Be warned, the medium term trend is still down.
-There is bottom formation on the 15 min chart (indicating trend reversal)
-This reversal is confirmed by previous structures of support
-3rd confirmation is the 0.236 fib lvl that aligns in this erea.
Furthermore pivot points & RSI do not contradict with the above mentioned.
TP @ 0.66065 (previous structure of resistance)
SL @ 0.64804 ( previous structure of support)
-There is bottom formation on the 15 min chart (indicating trend reversal)
-This reversal is confirmed by previous structures of support
-3rd confirmation is the 0.236 fib lvl that aligns in this erea.
Furthermore pivot points & RSI do not contradict with the above mentioned.
TP @ 0.66065 (previous structure of resistance)
SL @ 0.64804 ( previous structure of support)
Comment:
target reached. trade closed