Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per my last analysis, attached on the chart, NZDUSD rejected the lower bound of the channel and traded higher.
📚 Currently, NZDUSD is approaching the upper bound of the channel.
Moreover, the highlighted red zone is a strong structure acting as a minor resistance.
🏹 The highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and red structure.
📚 As per my trading style:
As #NZDUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📈 As per my last analysis, attached on the chart, NZDUSD rejected the lower bound of the channel and traded higher.
📚 Currently, NZDUSD is approaching the upper bound of the channel.
Moreover, the highlighted red zone is a strong structure acting as a minor resistance.
🏹 The highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and red structure.
📚 As per my trading style:
As #NZDUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade closed: target reached
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
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.
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
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.