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Elliott_Fx

NZD/USD Long Position (1H)

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Elliott_Fx  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns NZDUSD LONG setup 1hour 1h
2
0
trendanalysis chartpattern nzdusd long setup 1hour 1h
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
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