Hey Traders
Below is my prespective of why i think the NZDUSD pair with start a bullish rally.
Overall price is in a downtrend falling in a channel.
1. Price has fall 800 pips to recent low
2. Thrru this 800pip fall only 5 of which we can
see or say 3 bullish candlstick fomred
3. Price has recently break the LH create but
that one huge bullish candlstick thru out the
fall.
4. Recent low price fails to push lower and
start the bullish leg.
5. On second attempt to break the LH price formed
a bullish engulfing candlstick pattern,now am expecting
a push into horizontal/vertical resistance which is
also the previous high of strructure.
Below is my prespective of why i think the NZDUSD pair with start a bullish rally.
Overall price is in a downtrend falling in a channel.
1. Price has fall 800 pips to recent low
2. Thrru this 800pip fall only 5 of which we can
see or say 3 bullish candlstick fomred
3. Price has recently break the LH create but
that one huge bullish candlstick thru out the
fall.
4. Recent low price fails to push lower and
start the bullish leg.
5. On second attempt to break the LH price formed
a bullish engulfing candlstick pattern,now am expecting
a push into horizontal/vertical resistance which is
also the previous high of strructure.
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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.