NZDUSD BULLISH REVERSAL FORMED
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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NZD/USD BULLISH REVERSAL FORMED
As we can see price is still overall bearish from a long-term perspective, however, price is sitting around our lower bound of this channel acting as an over-sold zone lining up with a strong support zone, Where we will be looking for new bullish correction movement.
Meanwhile, from a shorter-term perspective price is still overall bearish, and price recently formed a nice-looking inverse head and shoulders pattern, then for the bulls to take over we need a break above the marked neckline by a momentum candle close, then a movement higher would be expected.
Until that price is still overall bearish and price can still dive more lower before reversal.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
NZD/USD BULLISH REVERSAL FORMED
As we can see price is still overall bearish from a long-term perspective, however, price is sitting around our lower bound of this channel acting as an over-sold zone lining up with a strong support zone, Where we will be looking for new bullish correction movement.
Meanwhile, from a shorter-term perspective price is still overall bearish, and price recently formed a nice-looking inverse head and shoulders pattern, then for the bulls to take over we need a break above the marked neckline by a momentum candle close, then a movement higher would be expected.
Until that price is still overall bearish and price can still dive more lower before reversal.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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