New Zealand Dollar / U.S. Dollar
Long
Updated

NZDUSD - BULLISH BAT in Channel - DAILY + 4hr IDEA

105
NZDUSD - BULLISH BAT DAILY + 4hr

Pattern completion and looking to go long with confirmation
RSI still in an Oversold state on the 4HR and DAILY, be careful, still has room to move down before reversing.
RSI has not rolled over yet, waiting confirmation on the 4HR
Keep an eye out, if you are looking at trading the daily there is no rush here.
Note
RSI rolled over on the 4HR, be nice to see a retest from here, daily RSI has turned also.
Trend has consolidated and broken bullish.
Lets see what happens at open to see if we get a pullback before the strong push up.

snapshot
Note
Still no confirmation on the DAILY.
Money to made on a managed trade.
If we fail here though, I am all in at 6800
Which would be:
- Bullish TL
- 113 extension on previous swing
- and bottom of channel.
snapshot

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