NZDUSD | 1H | Bullish Strategy at play
Case for Bulls:
- Overall Bullish Trend with HH and HL
- No sign of Bearish Divergence
- Possible Bullish Flag (Not shown in diagram because of AB=CD pattern
- Bullish AB=CD Pattern with PRZ in a previous resistance zone
Case for Bear:
- Seasonality - May is a Bearish month as far is seasonality is concerned
- Current Trend does not support any bearish stance unless reversal happends
Stance : Bullish
Trading Plan : Place Buy Stop on A at 0.62522 With Stop Loss at 0.62155.
Risk Reward ratio to be managed at 1:1
- Overall Bullish Trend with HH and HL
- No sign of Bearish Divergence
- Possible Bullish Flag (Not shown in diagram because of AB=CD pattern
- Bullish AB=CD Pattern with PRZ in a previous resistance zone
Case for Bear:
- Seasonality - May is a Bearish month as far is seasonality is concerned
- Current Trend does not support any bearish stance unless reversal happends
Stance : Bullish
Trading Plan : Place Buy Stop on A at 0.62522 With Stop Loss at 0.62155.
Risk Reward ratio to be managed at 1:1
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.