PriceActionTrading
Long

NZDUSD COULD BE START OF BULL REVERSAL

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
168 12 6
EDIT : NO MORE UPDATES
M1             alternate view showing only the closing price, which is IMO a better indicator for price action analysis.
snapshot

M1             normal view
snapshot

H4
snapshot

And yes, this is countertrend. I could be wrong more than im right. But its worth a shot.
There will not be updates if insufficient likes. Reason is not enough followers not worth my time updating the trade.
UPDATE : DID NOT FORM ENGULFING H4. TRADE SETUP INVALID.
+1 Reply
Andyle PriceActionTrading
2 years ago
Thanks PAT
+1 Reply
criveracesin
2 years ago
Tks !...I was very nervious whith your post !!
Reply
criveracesin criveracesin
2 years ago
*with
Reply
P_Parker
2 years ago
Keep Posting and updating your Trades PAT! I like your Price Action Setups! :-)
Reply
UPDATE 2 : Although the real bodies of the H4 did not form an engulfing. The wicks of the H4 has engulfed the previous H4 bar. Currently price trading above the engulfing pattern. If next H4 closes above the engulfing, could be bullish start but D1 confirmation is more important.
H4
snapshot


D1
snapshot
Reply
PriceActionTrading PriceActionTrading
2 years ago
Sorry the H4 and D1 are mixed up. But see the charts.
Reply
UPDATE 3 :
snapshot
Reply
FINAL UPDATE : NO MORE UPDATES DUE TO INSUFFICIENT LIKES.
snapshot
Reply
aaahmed12 PriceActionTrading
2 years ago
thank you.. keep updating please on all major currencies. i really appreciate it because i follow many others but they dont update with details comment like yourself.
Reply
aaahmed12 PriceActionTrading
2 years ago
is there a strong likelihood the reversal will reverse back to a downtrend to meet the second support
Reply
PriceActionTrading aaahmed12
2 years ago
Strong likelihood. No. Likelihood. Yes. Will look to buy @ 61.8 - 88.6%. Stop below the pin bar. If price moves below and closes below the pin bar then all bulls have lost.
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out