London Session Watch NZDUSD NZD/USD surged higher after the - TopicsExpress

London Session Watch NZDUSD NZD/USD surged higher after the price printed two false inside bar break candlestick patterns that we covered on Monday and Tuesday. The price slid after it reached our target and formed an inside bar candlestick pattern. Currently, the price has formed another inside bar candlestick pattern at the mid band of the Bollinger Bands. Note that the Stochastic indicator is showing the price is oversold as well. Ideally we would prefer the Commodity Channel Index (CCI) to show oversold conditions to increase the probability of this setup. We could see this inside bar candlestick pattern lead the price higher in todays London session but the gains could be limited by the resistance level above. On the flip side, the long term trend is still down as the price remains below the 200 period golden moving average thus a breakdown of this low could trigger selling opportunities in todays London session as well. on.fb.me/1vVZinF #nzdusd #forexsignals #likefxsalt

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