It seems like a longing opportunity is arising at NZDUSD. We see an M-pattern here. This pattern gets completed when the neckline is tested again. We can expect the market to test this neckline at 0.69 (blue box). So let's wait and see if our checkboxes get checked and we can take a nice long.
Trade closed: target reached
This setup was a winner with a nice 2.16R return.
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.
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.