Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NZDUSD has been overall bullish, trading within the flat rising channel in red.
Currently, NZDUSD is approaching the lower bound of the channel acting as a non-horizontal support.
Moreover, it is retesting a strong demand zone at 0.608 marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green demand and lower red trendline.
📚 As per my trading style:
As #NZDUSD is around the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📈 NZDUSD has been overall bullish, trading within the flat rising channel in red.
Currently, NZDUSD is approaching the lower bound of the channel acting as a non-horizontal support.
Moreover, it is retesting a strong demand zone at 0.608 marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green demand and lower red trendline.
📚 As per my trading style:
As #NZDUSD is around the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich