Roker1

Double Bottom with Structure

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Hey guys,

i'm not taking this trade for correlation-reasons but for educational purpose i think it represents a nice opportunity of a structure trade. You can see price has now reached a key structure point on the daily chart , and while testing this zone it has created a double bottom with RSI divergence on lower timeframes (1h). Given the overall analysis it could be a good long, with stops below the lows and targets as shown. Pay attention it's a countetrend trade!

If you have questions/ideas, feel free to comment beneath.
Otherwise, see you in the next chart!
Trade closed: target reached: 1st reached
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw

Comments

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