NZDUSD Long

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Buy idea for NZDUSD. Sorry for posting so late I was caught up. We see a beautiful retrace (which we also caught) after a massive push up. Retraced to the 50% Fibonacci level and made a strong level of support with substantial rejection. After the initial "tap" of the 50%, we see a new high created, followed by a higher low, and then a break of structure. It then goes bearish again and retraces back to the 50% to give us a very clean "double bottom" pattern followed by a strong M15 bullish engulfing. This was our entry.

Penafian

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