NZDUSD potential BUY Double Bottom H4

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
First trade idea by myself.

Looking at a double bottom on a support line since 14th March with an inverted hammer forming and oversold on the RSI H4.

Price was originally in a rising wedge so may re enter, however there is the weekly resistance zone to take into account at 0.6825.

Stop Loss at 0.675 (15 pips) after S3 on pivot and previous low on 7th March

Take Profit at 0.679, 0.6813, and potentially 0.6835.

Watch out for USD news at due soon
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out