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glennmercer

Long NZDUSD: Cypher + Shark + Pivots + Divergence + Oversold +TL

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
glennmercer Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD glennmercer gmercerfx Bullish Shark Bullish Cypher Cypher Shark rsi_divergence Relative Strength Index (RSI) macd_divergence Moving Average Convergence / Divergence (MACD) confluence PRZ Pivot Points missedpivots unhitpivots
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nzdusd glennmercer gmercerfx bullishshark bullishcypher cypherpattern sharkpattern rsi_divergence relativestrengthindex macd_divergence macd confluence prz pivotpoints missedpivots unhitpivots
NZDUSD has entered the PRZ of two bullish harmonic patterns. The PRZ is supported by two weekly trendlines and a series of missed pivots sit above price which may help add to bullish bias as well. Divergence can be observed on both MACD and RSI oscillators, in addition to an oversold RSI. Entry is placed at the base of the PRZ with SL below the second weekly support trendline and targets at .5CD and the unhit pivot cluster near the BC terminus.

Bullish Confluence:
  • Bullish Cypher
  • Bullish Shark
  • 2 Weekly trendlines
  • Missed pivots above price
  • MACD Divergence
  • RSI Divergence
  • RSI Oversold
  • 1.618AB=CD
  • 1.272BC Projection
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glennmercer
Long EURJPY: Bat + Wolfe + AB=CD + Divergence (2X) + TL Support
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