Get started
apphiapatten

NZDUSD: H1 & H4 Analysis

New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
apphiapatten  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Support and Resistance Fibonacci Trend Lines Fibonacci Retracement short LONG Rising Wedge
1
0
supportandresistance fibonacci trendline fibonacciretracement short long risingwedge
- Rising wedge chart pattern forming
- We are looking for price to drop dramatically as this pattern is an indicator for a bearish reversal
- Price is nearing the support zone which is also the 0.618 fibonacci retracement level of the previous elliott wave
- Price could reverse and continue long respecting the trend or break through the rising wedge, support zone and trend for a short

- Wait for confirmation candle...
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.