NZDUSD Bearish Retracement Opportunity (Overall Bullish Bias)
-After the most recent bearish push, price found support at the .6000 area and formed a Lower low
- Price found support and formed a double bottom, which is a candlestick reversal pattern and made a bullish push.
-Price then met resistance near the .62500 area and formed a somewhat doji candlestick, showing indecision and hinting at a possible reversal.
- I am waiting for price to form a candlestick reversal pattern on a lower time frame (1-4) before it makes it bearish retracement.
- I can see price testing the 50.0-61.8 fib level, to confirm the change in market sentiment (bullish).
-The 50.0-651.8 Fib levels also align with the neckline of the double bottom, I am anticipating a test of the neckline followed by a bullish up.
- Price found support and formed a double bottom, which is a candlestick reversal pattern and made a bullish push.
-Price then met resistance near the .62500 area and formed a somewhat doji candlestick, showing indecision and hinting at a possible reversal.
- I am waiting for price to form a candlestick reversal pattern on a lower time frame (1-4) before it makes it bearish retracement.
- I can see price testing the 50.0-61.8 fib level, to confirm the change in market sentiment (bullish).
-The 50.0-651.8 Fib levels also align with the neckline of the double bottom, I am anticipating a test of the neckline followed by a bullish up.
Transaction en cours
Entered Sell @ 0.62125Trade fermée: cible de profit atteinte
Price reached TP @0.61375
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.