NZDUSD long opportunity
WEEKLY TIMEFRAME
- Bullish engulfing candle
DAILY TIMEFRAME
- Double bottom
- Currently sitting in the 'golden pocket' of the fibonacci
- Daily candle closed at the 0.71 fibonacci
4 HOUR TIMEFRAME
- Breakout of the descending trendline
- Again, currently sitting in the 'golden pocket' of the fibonnaci
Small retest likely. Looks like a lovely long trade.
- Bullish engulfing candle
DAILY TIMEFRAME
- Double bottom
- Currently sitting in the 'golden pocket' of the fibonacci
- Daily candle closed at the 0.71 fibonacci
4 HOUR TIMEFRAME
- Breakout of the descending trendline
- Again, currently sitting in the 'golden pocket' of the fibonnaci
Small retest likely. Looks like a lovely long trade.
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