Expecting a bullish continuation. Reasons for this assumption are:
- Impulsive structure on both 4H and Daily TF
- Price has been rejected thrice at 50 Fib Level, combined with a bullish divergence
- Impulsive break out of the triangle with a strong close on the 4H TF
- Projected target is 0.9880 0.9900 level
Happy Trading!
- Impulsive structure on both 4H and Daily TF
- Price has been rejected thrice at 50 Fib Level, combined with a bullish divergence
- Impulsive break out of the triangle with a strong close on the 4H TF
- Projected target is 0.9880 0.9900 level
Happy Trading!
Trade active
Entered at 0.9582Trade closed manually
Second order closed at breakeven, first order with a small profit. On higher TF's I'm still favouring longs and for now - the structure is still valid. The current leg might be just a corrective one - but with regards to today's RBNZ I'm not feeling comfortable leaving my positions open at the moment.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.