NZD/USD has formed a Double Bottom pattern on the 6-hour timeframe, and the neckline breakout is successfulβitβs time to trade! With price holding above the EMA 200, bullish momentum is gaining strength. π°
π Technical Analysis:
β πΉ Double Bottom Pattern β Strong bullish reversal signal β π Neckline Breakout Confirmed β Entry opportunity for buyers β π EMA 200 Support β Adding strength to the uptrend
π― Target Levels:
π 0.5810 β First short-term target π 0.5930 β Final extended target
π’ Trading Strategy:
πΉ Enter after confirmed breakout with strong bullish momentum πΉ Ensure volume supports the move before entry πΉ Set stop-loss below the neckline for proper risk management
π The trend is strongβfollow the move & maximize profits! ππ°
π Like, comment & follow for more updates! ππ₯
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.