NZDUSD LONG

6 בדצמ׳ 2023

I'm anticipating a trend-following long trade from the current daily support zone where the market price is. Upon analyzing the 1-hour chart, there are clues indicating a potential trend continuation. For instance, a visible double bottom pattern has broken above its neckline, and the previous trend line resistance has also been breached upwards. Currently, the price is retesting the neckline for both patterns. This retest could serve as a crucial point for further confirmation.

Entry 0.6143
Stop loss 0.6115
Targets 0.6196 & 0.6215