Is Beaten-Up Kiwi Due For A Bounce
Update: Closed half at 0.8295
Profit/Loss(pips)= +65
A long setup on the NZDUSD pair, as price prints a bullish reversal hammer candle at confluence of support level, the 200 and 50 days SMAs, and the broken neckline for the major double bottom pattern that was broken earlier. A break below this support area would be strongly bearish.
Profit/Loss(pips)= +65
A long setup on the NZDUSD pair, as price prints a bullish reversal hammer candle at confluence of support level, the 200 and 50 days SMAs, and the broken neckline for the major double bottom pattern that was broken earlier. A break below this support area would be strongly bearish.
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