NZDUSD Retest
1/25/2016 Sunday
Currency: NZDUSD
Entry:Buy STOP @ 0.6495- 3:1
SL: 0.6435
TP: 0.6675
Analysis:
-Pair has hit support at 0.6450
-Weekly formed low test reversal pattern
-4hr countertrend breakout
-4h breakout retest
-4hr double bottom
-4h MACD divergence
Pair broke out of 4hr trendline and
retest, and we are looking for it to retrace
to 50 or .618
Currency: NZDUSD
Entry:Buy STOP @ 0.6495- 3:1
SL: 0.6435
TP: 0.6675
Analysis:
-Pair has hit support at 0.6450
-Weekly formed low test reversal pattern
-4hr countertrend breakout
-4h breakout retest
-4hr double bottom
-4h MACD divergence
Pair broke out of 4hr trendline and
retest, and we are looking for it to retrace
to 50 or .618
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