NZDUSD LONG CBO

2020-01-17 03:13:05

-Even though the the daily did not pullback fully to the daily 50 ema i had confidence on the daily rejecting the 0.382 fib, daily 20 ema which has rejected nicely in the past and a nice round support level of 0.66000
-The 4h in my opinion was nearly perfect in terms of what we want to see on a CBO set up, double bottoms with a break to the upside to make a HH/HL re/testing the 4h 50 ema and .382 fib
-The 1h was showing signs of deceleration with the rejection and bullish candle following.
-5m entry was placed after breaking the 50 ema.