Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
๐ NZDUSD has been overall bearish, trading within the falling wedge pattern in blue.
Currently, NZDUSD is in a correction phase, approaching the lower bound of the wedge.
Moreover, it is retesting a strong demand in green.
๐น Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline.
๐ As per my trading style:
As #NZDUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
๐ NZDUSD has been overall bearish, trading within the falling wedge pattern in blue.
Currently, NZDUSD is in a correction phase, approaching the lower bound of the wedge.
Moreover, it is retesting a strong demand in green.
๐น Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline.
๐ As per my trading style:
As #NZDUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade closed: target reached
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Support Bright Ideas Through Decentralised Crowdfunding
ideaology.io
Buy CRGPT on Uniswap
cutt.ly/CRGPT