hollinrj

NZD/USD Bullish reversal

Long
FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar
First published idea from an inexperienced trader.

as the NZD/USD weekly approaches a close, a hanging man appears to be forming on top of a strong support line, NZD/USD is at it's lowest point for over 12 months.

bearing in mind we have the NPF tomorrow so this can go either way and break the support.

I am bullish on this pair, I suspect the bullish reversal to hit the downward trend line and possibly even break to the resistance line of 0.7328

Comments

I have only just noticed I haven't expanded my P&L target to my top resistance line where my arrow also finishes.

however, for my first ever shared analysis I don't think I am doing to bad considering this is a long over a number for weeks and still going strong...
+1 Reply
Good analysis and good call.
Reply
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