glennmercer
Long

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

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
11 months ago
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
11 months ago
Trade active
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alex.a
11 months ago
Then, US NFP 's data will be below expectation.
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glennmercer PRO alex.a
11 months ago
Difficult to predict news reports, I'll be sitting out during NFP
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alex.a glennmercer
11 months ago
such a good choice ~
Reply
glennmercer PRO alex.a
11 months ago
Yes I completely agree - typically, attempting to trade in the direction of predicted news is a gamble and I'm not much of a gambler
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