NZDUSD 1HR Ascending Channel Reversal
Hi Traders,
Today I am looking at NZDUSD on the 1HR TF as we have recently seen prices rally but we are beginning to see buying pressure lose momentum as price action moves within a ascending channel and respecting .610's even handle (Structure resistance). I believe we may see prices decline into the highlighted areas of structure following this slow down in bullish momentum. If we do see a retracement lower then I will be looking for entry reasons to buy the market on the pullback in anticipation for a longer term bullish trend continuation move for a retest back up at .610's.
Today I am looking at NZDUSD on the 1HR TF as we have recently seen prices rally but we are beginning to see buying pressure lose momentum as price action moves within a ascending channel and respecting .610's even handle (Structure resistance). I believe we may see prices decline into the highlighted areas of structure following this slow down in bullish momentum. If we do see a retracement lower then I will be looking for entry reasons to buy the market on the pullback in anticipation for a longer term bullish trend continuation move for a retest back up at .610's.
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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.