NZDUSD BUY ON TREND BUILDING UP ON TF 15 MIN
1. MARKET BIAS
RSI on TF 15 min shows Bearish Divergence at level 80. Price show overextended and we might be expected pullback will happen before continuing direction upward.
What should we expect? Base on RSI as tool for determine direction. I am expecting price direction upward.
2. Trend
Price on TF15 min showing direction to upward. Price making high low & higher high. Trend health is strengthening show power to upward.
3. Reversal Chart Pattern
After Health and Momentum forming in good shape. Head and shoulder forming at the top. What price tries to do? I am expecting price going to do pullback before it continues to trend direction.
I'm using Fibonacci to measure pullback distance.
3. Setup
I am trade TF 15 min pullback. Using a lower time frame for entry BUY.
Entry BUY when RSI on TF 5 M crossing UP level 40. Tp when RSI on TF15 crossing down level 80
RSI on TF 15 min shows Bearish Divergence at level 80. Price show overextended and we might be expected pullback will happen before continuing direction upward.
What should we expect? Base on RSI as tool for determine direction. I am expecting price direction upward.
2. Trend
Price on TF15 min showing direction to upward. Price making high low & higher high. Trend health is strengthening show power to upward.
3. Reversal Chart Pattern
After Health and Momentum forming in good shape. Head and shoulder forming at the top. What price tries to do? I am expecting price going to do pullback before it continues to trend direction.
I'm using Fibonacci to measure pullback distance.
3. Setup
I am trade TF 15 min pullback. Using a lower time frame for entry BUY.
Entry BUY when RSI on TF 5 M crossing UP level 40. Tp when RSI on TF15 crossing down level 80
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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.
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.