NZDUSD, H4 | Potential Bullish Bounce

2023년 8월 4일Price is bouncing off a key support level, which is a major swing low support level, hence we could see the momentum carry price up to its take profit target.

Entry:
Why we like it: 0.6062
There is a major support key level for a potential bullish reversal.

Stop Loss: 0.5987
Why we like it:
There is a swing low support.

Take Profit: 0.6132
Why we like it:
There is a pullback resistance, 50%
Fibonacci Retracement and 78.6% Fibonacci Projection, which indicates Fibonacci confluence.

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