NZD/USD Trend Continuation: Channel Formation, Bull Flag on 4H

OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
NZD/USD has been bullish as of recently so we follow trend continuation.

We are currently in a corrective state, but approaching structure levels.
We see a trend channel that price is following, so if we continue this channel we should expect movement to the upside since we just finished a corrective wave.
We can also see a large bull flag formation. If this is valid, and we see a break of the upper resistance of the channel, we should also expect further bullish movement.
We see two bullish doji candles (circled in blue) which should be followed by a bullish move
RSI is not oversold or overbought = room for movement in either direction
Trade closed: target reached
Join our Discord channel for daily S&P analysis, Options Alerts, and Live Trading!


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out