NZDUSD is in an ascending channel between trend lines.
The price is moving from the upper boundary of the channel, the upper trend line, which has already acted as a pullback point, as well as from the important psychological resistance level of $0.583.
Indicators point to the bearish divergence being worked out on the 1H Timeframe.
The chart has formed a pattern AB=CD.
We expect a continuation of the pullback in the channel after consolidation under the 38.2% retracement level.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
The price is moving from the upper boundary of the channel, the upper trend line, which has already acted as a pullback point, as well as from the important psychological resistance level of $0.583.
Indicators point to the bearish divergence being worked out on the 1H Timeframe.
The chart has formed a pattern AB=CD.
We expect a continuation of the pullback in the channel after consolidation under the 38.2% retracement level.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Trade closed: target reached
Closed +74 PIPS
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Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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.