NZD/USD 1H chart appears to show a bullish breakout pattern, supported by:
An ascending trendline.
Price holding above the Ichimoku cloud.
A clear breakout projection drawn with an arrow to a higher level.
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🔍 Estimated Target Based on Chart Structure
Based on visual estimation and the pattern:
Current breakout level: ~0.6050
Projected target (based on prior swing and consolidation height): ~0.6150 – 0.6170
This suggests a target zone of 100–120 pips from the breakout area.
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🧮 How This Target Is Likely Derived
Looks like a bullish flag or ascending triangle setup. The vertical height of the pattern (approx. 100–120 pips) is added to the breakout point (~0.6050), giving:
Target ≈ 0.6050 + 0.0100 to 0.0120 = 0.6150 to 0.6170
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📌 Key Levels to Watch
Support: 0.6025–0.6040 (cloud + trendline confluence)
Breakout confirmation: Strong 1H candle close above 0.6050–0.6060
Target: 0.6150–0.6170
Would you like help setting this up in TradingView with alerts or position size based on your risk?
An ascending trendline.
Price holding above the Ichimoku cloud.
A clear breakout projection drawn with an arrow to a higher level.
---
🔍 Estimated Target Based on Chart Structure
Based on visual estimation and the pattern:
Current breakout level: ~0.6050
Projected target (based on prior swing and consolidation height): ~0.6150 – 0.6170
This suggests a target zone of 100–120 pips from the breakout area.
---
🧮 How This Target Is Likely Derived
Looks like a bullish flag or ascending triangle setup. The vertical height of the pattern (approx. 100–120 pips) is added to the breakout point (~0.6050), giving:
Target ≈ 0.6050 + 0.0100 to 0.0120 = 0.6150 to 0.6170
---
📌 Key Levels to Watch
Support: 0.6025–0.6040 (cloud + trendline confluence)
Breakout confirmation: Strong 1H candle close above 0.6050–0.6060
Target: 0.6150–0.6170
Would you like help setting this up in TradingView with alerts or position size based on your risk?
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Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
Related publications
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.
t.me/+yJ2-qfkocRg1NDlk
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
Related publications
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.