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:
The idea here is to buy from the middle of the bullish engulfment, which has pressed against the broken lines:
Buy Limit 0.6880, Stop Loss 0.6820, Take Profit 0.7150 (the flag handle height).
WTI continues to fall and is nearing our target level – the broken neck line of the double bottom:
Buy Limit 34.75, Stop Loss 32.25, Take Profit 45.00.
Stay tuned for more and trade with Tickmill!