$NZDUSD Can Finally Reverse And Rise For A Correction

3 dic 2021

Traders, NZDUSD has been falling without any supports and has reached a level where it can finally stop, take a pause and reverse for an upward correction.

At this level:

1. It has past structure
2. 78.6 Fib
3. Gap which has now been closed after a period of more than 1 year!! :)
4. Extended M pattern completion

All these factors present us with a good opportunity for a long position. The trade idea is on daily time frame so it may be slow and can take days, possibly weeks.

Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too

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Take care and trade well
-Vik

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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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