NZDUSD
This is shown that candles couldn't break the trendline here, which is strong resistance here. Also, price movement reacted to the rectangle twice; now, it seems that a new reaction will happen, on the condition of traded volume. I am just waiting for forming of the candle on the daily timeframe.
DISCLAIMER: THIS IS JUST MY IDEA, AND I AM A NEWCOMER TO THIS BUSINESS. I WOULD BE GLAD IF YOU CORRECT ME:)
Regards
DISCLAIMER: THIS IS JUST MY IDEA, AND I AM A NEWCOMER TO THIS BUSINESS. I WOULD BE GLAD IF YOU CORRECT ME:)
Regards
Note
Now we have a beautiful engulfing pattern; also, the volume of the last bullish candle is more than its previous candlestick. In my money, this is a good point for a buy position.DISCLAIMOR: NOT FINANCIAL ADVICE, THIS IS JUST MY IDEA THAT I SHARE WITH YOU AND IF I AM WRONG, PLEASE CORRECT ME.
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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.