NZD/USD Long Position (1H)

24 dic 2019

I have analysed a potential Double Bottom setup on the NZD/USD 1 Hour chart. I have setup a long position which I will take if the market follows the appropriate setup. The trade has a reward of 16.75% and a risk of 3.03%. Risk reward is 1 : 5.5.

I am newer to trading and am still learning so would appreciate and feedback on this analysis.

Thanks