"Top and Bottom Analysis" NZD/USD by ThinkingAnts
4H CHART EXPLANATION:
On 4H chart we have a Bullish View due to:
- Broken Descending Wedge Pattern
- ABCDE Elliott Pattern completed (On Elliott Wave theory this is consider as a Bullish Signal after the full Count)
- Bearish Divergence on MACD
If price Breaks out above 0.67800 we will be looking for long positions towards 0.69200, paying attention to the middle Support zones .
Updates coming son!
MULTI TIMEFRAME VISION
-Weekly
-Daily
On 4H chart we have a Bullish View due to:
- Broken Descending Wedge Pattern
- ABCDE Elliott Pattern completed (On Elliott Wave theory this is consider as a Bullish Signal after the full Count)
- Bearish Divergence on MACD
If price Breaks out above 0.67800 we will be looking for long positions towards 0.69200, paying attention to the middle Support zones .
Updates coming son!
MULTI TIMEFRAME VISION
-Weekly
-Daily