"Top and Bottom Analysis" NZD/USD by ThinkingAnts
4H CHART EXPLANATION:
On 4H chart we have a Bullish View due to:
- Broken Descending Wedge Pattern
- ABCDE Elliott Pattern completed (On Elliott Wave theory this is consider as a Bullish Signal after the full Count)
- Bearish Divergence on MACD
If price Breaks out above 0.67800 we will be looking for long positions towards 0.69200, paying attention to the middle Support zones .
Updates coming son!
MULTI TIMEFRAME VISION
-Weekly
-Daily
On 4H chart we have a Bullish View due to:
- Broken Descending Wedge Pattern
- ABCDE Elliott Pattern completed (On Elliott Wave theory this is consider as a Bullish Signal after the full Count)
- Bearish Divergence on MACD
If price Breaks out above 0.67800 we will be looking for long positions towards 0.69200, paying attention to the middle Support zones .
Updates coming son!
MULTI TIMEFRAME VISION
-Weekly
-Daily
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.