NZDUSD LONG from double bottom M pattern
Overall trend for nzdusd is short
But I see a double bottom M pattern also bouncing off a channel I have.
I will be looking for TP right below the key level of .7400 and will most likely be looking for shorts around there to the -127 fibo level
I am already entered right before the end of the last week because it closed above .6850 (bottom of my channel)
R/R ratio:
1/6.4
50/320 (pips)
But I see a double bottom M pattern also bouncing off a channel I have.
I will be looking for TP right below the key level of .7400 and will most likely be looking for shorts around there to the -127 fibo level
I am already entered right before the end of the last week because it closed above .6850 (bottom of my channel)
R/R ratio:
1/6.4
50/320 (pips)
Penafian
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