Hello traders:
Lets take a look at NZDUSD, and how its latest development can give us great bullish opportunity.
After a strong bullish impulse up, price falls into this larger, higher time frame descending structure, correcting the price.
We can see the latest development has hit a previous lows, possible double bottoms.
The lower time frame did have a strong impulse move up after, good idea to look for bullish continuation corrections to confirm more upside from the price.
Thank you
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Related publications
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.