New Zealand Dollar / U.S. Dollar NZDUSD to BUY
Two weeks ago, I stated market is getting ready for a buy as it entered oversold region of RSI.
This is an update for entry area to buy up, RSI bottomed at 27 reading and market hit a good support area as depicted in it's history.
Market has now retracing down to possibly form a double bottom as it often does, then a good uptrend likely to follow.
Will try a harmonic pattern for market to highlight possible take profit and retracement areas.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes.
Original chart from two weeks ago attached.
This is an update for entry area to buy up, RSI bottomed at 27 reading and market hit a good support area as depicted in it's history.
Market has now retracing down to possibly form a double bottom as it often does, then a good uptrend likely to follow.
Will try a harmonic pattern for market to highlight possible take profit and retracement areas.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes.
Original chart from two weeks ago attached.
