NZDCHF - Bullish Reversal
1. Price forming ascending flag pattern and approaching the resistance trendline.
2. Expect price movement either hit the resistance trendline and pullback, or breakout the ascending flag pattern and move south.
3. Notice there's RSI divergence formed, lesser buyer in the market and thus price will go down south soon.
2. Expect price movement either hit the resistance trendline and pullback, or breakout the ascending flag pattern and move south.
3. Notice there's RSI divergence formed, lesser buyer in the market and thus price will go down south soon.
Note
1. The price moved north from flag pattern and crossing resistance trendline (purple line).Order cancelled
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.