NZDUSD - GO LONG

Apr 29, 2020

Obviously, we could see that it's a downtrend, but we haven't seen a low formation for a very long time... So, you know what that means it's going to go up eventually at some point, and its a strong reversal with confirmation of a false break reversal, then there was another signal on the 2nd swing. As far as the 3rd swing, yes it does look the same as the 2nd set up, but it didn't fit the criteria of the pattern set up, BUT it's a pin bar which is a reversal especially sitting at support giving the trade another reversal to an uptrend!