Double Bottom Long
Good day traders, i hope you have all been well. Lets get into it. This is a follow up on the NZDUSD formation i uploaded last time, the Double Bottom. We can all agree that the setup played out well, price reached the Resistance(0.62691-0.62970) and i believe price will or is heading back down to retest the neckline of the double bottom before it continues upward and i have identified the possible neckline resistance that was broken and will be retested as new support(0.61335-0.61266). remember chart patterns do work only if you apply them properly and that is at significant Support or Resistance. All the best
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.