NZDUSD

Updated

This is shown that candles couldn't break the trendline here, which is strong resistance here. Also, price movement reacted to the rectangle twice; now, it seems that a new reaction will happen, on the condition of traded volume. I am just waiting for forming of the candle on the daily timeframe.

DISCLAIMER: THIS IS JUST MY IDEA, AND I AM A NEWCOMER TO THIS BUSINESS. I WOULD BE GLAD IF YOU CORRECT ME:)
Regards

Note

Now we have a beautiful engulfing pattern; also, the volume of the last bullish candle is more than its previous candlestick. In my money, this is a good point for a buy position.
DISCLAIMOR: NOT FINANCIAL ADVICE, THIS IS JUST MY IDEA THAT I SHARE WITH YOU AND IF I AM WRONG, PLEASE CORRECT ME.

amirhzr

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