NZDUSD BULLISH REVERSAL FORMING
Updated
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
NZD/USD BULLISH REVERSAL FORMING
As we can see previously price broke above our major swing high and traded higher
For now, price is still around a a strong support zone where we are looking again for new buy setups.
And as we can see price is trading inside this bearish channel.
For the bulls to kick in again we need a new swing high to be formed around the falling trendline then a break as shown in the chart
Until that happens, we are bearish, and price can still trade lower before reversal.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
NZD/USD BULLISH REVERSAL FORMING
As we can see previously price broke above our major swing high and traded higher
For now, price is still around a a strong support zone where we are looking again for new buy setups.
And as we can see price is trading inside this bearish channel.
For the bulls to kick in again we need a new swing high to be formed around the falling trendline then a break as shown in the chart
Until that happens, we are bearish, and price can still trade lower before reversal.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Note
Telegram channel: t.me/Snipers_F_x
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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