NZDUSD Short Opportunity
Price made a Double Bottom formation. Now I expect a little move to the upside because we need to confirm that pattern. Then we can expect move to the dowside. Our target could be set at a potential support level. This level also fits with 0.382 fibonacci retracemment. These support and fibonacci levels are important for a monthly and weekly timeframes so they are pretty strong.
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Disclaimer
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.