NZD/USD

The NZD has breached the gradual descending channel and the 0.6875 level, fortifying itself with three candlesticks behind the broken lines. The price has also formed a flag on the daily chart:
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The idea here is to buy from the middle of the bullish engulfment, which has pressed against the broken lines:
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Buy Limit 0.6880, Stop Loss 0.6820, Take Profit 0.7150 (the flag handle height).

WTI

WTI continues to fall and is nearing our target level – the broken neck line of the double bottom:
050416-3_eng
Buy Limit 34.75, Stop Loss 32.25, Take Profit 45.00.

Stay tuned for more and trade with Tickmill!

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