NZDUSD Potential Bull Swing
From this 1hr timeframe, we can see that price pattern within a pattern.
Bigger price pattern is Double Bototm while the pattern within is a Corrective Descending Channel, these patterns give us an additional confluence that price may be ready to go up.
on the 15M chart, we can see a tight bull flag forming. its a great sign that sellers are still on the sideline. But how far will the 15M impulse continue? i don't know but there are alot of potential on the upside. Of course, it is also possible that a larger correction on the 4H will be form since the impulse leg has already went up so much.
when we are prepared for all the possible and probable outcome, its easier on our psychology, the plans are already made. all that is left is execution and management.
Bigger price pattern is Double Bototm while the pattern within is a Corrective Descending Channel, these patterns give us an additional confluence that price may be ready to go up.
on the 15M chart, we can see a tight bull flag forming. its a great sign that sellers are still on the sideline. But how far will the 15M impulse continue? i don't know but there are alot of potential on the upside. Of course, it is also possible that a larger correction on the 4H will be form since the impulse leg has already went up so much.
when we are prepared for all the possible and probable outcome, its easier on our psychology, the plans are already made. all that is left is execution and management.
Comment:
the trade was removed because of the spike down. no trade was triggered here.