NZDUSD formed a nice double bottom. with that came not 1 but 3 descision candles. Price has taken out the last 3 higher highs. Price has now put in another descision candle @ .7390's. If the level holds I am looking for a pull back into .7330's for a long entry.
just say this. If we get a push back up into the .7350' I will look to get short.
NOT 100% sure if the pattern is correct but this is my take on it. Will watch and see.
We are pulling back into structure. Im putting my SL just above the 100 even level. I have right at a 1:1 RR to target 1. If we continue to the down side T2 should be hit.
Two ways to take the trade. We have come back down into previouse structure and we can look to go long, SL around 1.4013 Target 1.4097 and 1.4172 or because we had a lower low lower close of structure we can wait for a pull back into 1.4097 and look to go short SL around 1.4153 T1 around 1.4025 and T2 around 1.4 *blue entry red stop green targets Either way...