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New Zealand Dollar / U.S. Dollar
Long

Long NZDUSD: Cypher + Shark + Pivots + Divergence + Oversold +TL

By glennmercer
Updated
NZDUSD has entered the PRZ of two bullish harmonic patterns. The PRZ is supported by two weekly trendlines and a series of missed pivots sit above price which may help add to bullish bias as well. Divergence can be observed on both MACD and RSI oscillators, in addition to an oversold RSI. Entry is placed at the base of the PRZ with SL below the second weekly support trendline and targets at .5CD and the unhit pivot cluster near the BC terminus.

Bullish Confluence:
  • Bullish Cypher
  • Bullish Shark
  • 2 Weekly trendlines
  • Missed pivots above price
  • MACD Divergence
  • RSI Divergence
  • RSI Oversold
  • 1.618AB=CD
  • 1.272BC Projection
Trade active
Bullish CypherBullish SharkconfluenceCypherglennmercergmercerfxMoving Average Convergence / Divergence (MACD)macd_divergencemissedpivotsNZDUSDPivot PointsPRZRelative Strength Index (RSI)rsi_divergenceSharkunhitpivots
glennmercer

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