SammyJonga

NZDUSD Short term bullish idea

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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)
Comment: target reached. trade closed

Comments

Great chart Sammy! check out my NZDUSD trade idea - it follows similar lines to this idea.
Reply
SammyJonga StirlingBishop
@StirlingBishop, good job SB
Reply
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