on the daily we can see that the trend is bearish but also there is a RSI divergence that can indicate for potencial reversal . on the 1H time frame we can see potencial bat pattern with the D point is on previous support Take profit : on 0.382 fibonacci retracement of AD leg Stop loss : on 1.13 fibonacci of XA leg
on the 1D time frame we can see some RSI divergence after a rally ,it is indicate for us that there some potential for reversal . also we can see that on the 1 day time frame the price chart made a lower low. on the 1H time we can see a bat pattern with 1.618 projection of the D point on previous structure .
NZDUSD make New structure high in the 4 hour time frame also there potential support in the area between 0.7136-0.7107 (the green rectangle) in the 1 hour time frame is a gartly pattern in the support area Buy limit : 0.7127 Stop loss :0.7089 (under previous low ) Take profit 0.7164 (at 38.2 Fibonacci level of leg AD) Good luck for everyone
the main trend is downside . when we go for lower time frame in the 4hours there is a potential bat pattern , for my strategy I will wait for more confirmation like RSI OB or maybe AB=CD PATTERN . but also the price is made recently higher high higher close , and it indicate for potential continuation for the upside . and we can see in the 4 hours time frame ...