#NZDUSD short term buying opportunity
Updated
price bullish corrective move forming a bullish channel as you can see clearly in the chart and now price is testing this channel lower boundary which acting as a support. Moreover, price also testing its short term bearish channel line and currently testing its return line which add to possibility of bullish expected move.
Also in 30 minutes chart we can see price formed hammer #candle_stick formation and failed to close below its previous low.
And in 1H time frame we have reverse bullish divergence.
Also in 30 minutes chart we can see price formed hammer #candle_stick formation and failed to close below its previous low.
And in 1H time frame we have reverse bullish divergence.
Trade closed: target reached
price took out a lot of liquidity from the low, but did manage to reach the price target that we anticipated for the price.
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