NZDUSD - 4Hr. Timeframe - Potential Trend Reversal
As it stands now, the
NZDUSD
pair, after a strong impulsive movement to the downside, on the 4hr timeframe seems to be forming a leading ending diagonal pattern to the downside. If this is the case, at any point from now on the pair could be reversing, eventually breaking the aforementioned pattern. From this moment on, therefore, we will be looking for buy setups, on this pair.
Updates on this and smaller timeframes will follow.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
NZDUSD
pair, after a strong impulsive movement to the downside, on the 4hr timeframe seems to be forming a leading ending diagonal pattern to the downside. If this is the case, at any point from now on the pair could be reversing, eventually breaking the aforementioned pattern. From this moment on, therefore, we will be looking for buy setups, on this pair. Updates on this and smaller timeframes will follow.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.