Overall trend for nzdusd is short
But I see a double bottom M pattern also bouncing off a channel I have.
I will be looking for TP right below the key level of .7400 and will most likely be looking for shorts around there to the -127 fibo level
I am already entered right before the end of the last week because it closed above .6850 (bottom of my channel)
R/R ratio:
1/6.4
50/320 (pips)
But I see a double bottom M pattern also bouncing off a channel I have.
I will be looking for TP right below the key level of .7400 and will most likely be looking for shorts around there to the -127 fibo level
I am already entered right before the end of the last week because it closed above .6850 (bottom of my channel)
R/R ratio:
1/6.4
50/320 (pips)
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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.