Looking to go long if this the current 4 hour candle can finish bullish..
if it doesn't happen will look for a different candle stick set up but will have to be at the same level to complete the inverted H&S pattern.
Any questions feel free to ask
NZDUSD - Intraday - We look to Buy at 0.6423 (stop at 0.6388)
Price action continues to be mixed and volatile for 3 days in succession resulting in spikes in both directions. Buying posted in Asia. Broken out of the channel formation to the upside. Broken out of the wedge formation to the upside. The formation has a measured move target of 0.6498. Bespoke...
NZD/USD struggling to pull away from multi-year lows, trading below 0.6350. Coming up: ANZ Activity Outlook and Business Confidence reports. We can expect positive greater forecast than july 2019 and possible buy.
Price has pushed right down to a key level from where price reacts on numerous occasions and we have a bullish engulfing candle on the 4h chart suggest a trend reversal. RSI also oversold.
I've gone long on this and marked my tp1 and tp2 for you as well.
Let me know your thoughts.
Trade safe and good luck.
The exchange rate created a rising channel. However, the fractal analysis shows that the MA (200) is a replicating sequence. Therefore, it is advisable to move to a long position at the 0.6600 level. The primary target price is 0.6728
Possible buy incoming for NZDUSD. Price has acted within a parallel trend line channel and has touched the resistance of this trend channel at least 3 times which means the trade can be validated. Price has also been moving around a local resistance zone which means price could be heading up. Keep an eye out for updates as I have put in a tight stop loss of around...