NZD/USD - Double Bottom Breakout | Eyes on 0.6012 Resistance
NZD/USD is forming a classic double bottom reversal pattern, suggesting a shift in momentum after a sustained bearish trend. Price has recently broken structure (ChoCH) and is now pushing higher with a clear bullish market structure.
Key insights:
✅ Double Bottom confirmed with BOTTOM 1 and BOTTOM 2
✅ Clean break of structure (BOS) and bullish momentum emerging
🔼 Price is approaching a resistance zone near 0.6000 – 0.6012
🔁 Potential retest of the support zone around 0.5880 – 0.5900
🎯 Targeting the 0.6012 level if bullish structure holds
📈 Short-term bias: Bullish
📉 Watch for: Retest entries or signs of rejection at resistance
Key insights:
✅ Double Bottom confirmed with BOTTOM 1 and BOTTOM 2
✅ Clean break of structure (BOS) and bullish momentum emerging
🔼 Price is approaching a resistance zone near 0.6000 – 0.6012
🔁 Potential retest of the support zone around 0.5880 – 0.5900
🎯 Targeting the 0.6012 level if bullish structure holds
📈 Short-term bias: Bullish
📉 Watch for: Retest entries or signs of rejection at resistance
Trade active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
$ FOREX / GOLD / BTC | Real Trades,Real Result | Risk-managed strategiesn &VIP Signal {My Personal Entries} Join Telegram _ Trade smater ||
📬 Join Free Channel:
t.me/profitmagnetpro12
📬 Join Free Channel:
t.me/profitmagnetpro12
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.