I am anticipating NZDUSD making a retracement.
-Price intitally made a bullish push
-Price then met resistance around 0.6500 level and formed a Double Top.
-A double top, is a sign of potentail bullish exhaustion and a possible reversal.
-After price tried to break the level, price then closed as a reversal candlestick, followed by a large bearish momentum candlestick.
-I am expecting price to close on 2/6/23 or 2/7/23 as a doji candlestick on the daily time frame.
-On the 4hr/1hr, I am expecting a double bottom, that will then make a bullish push.
- Price will then make a bullish push to test the neckline of the double top, which also aligns with the 50-61.8 Fibonacci level.
Please, Like, Comment, Follow for more ideas. Feel free to drop your ideas/analysis below !!!
-Price intitally made a bullish push
-Price then met resistance around 0.6500 level and formed a Double Top.
-A double top, is a sign of potentail bullish exhaustion and a possible reversal.
-After price tried to break the level, price then closed as a reversal candlestick, followed by a large bearish momentum candlestick.
-I am expecting price to close on 2/6/23 or 2/7/23 as a doji candlestick on the daily time frame.
-On the 4hr/1hr, I am expecting a double bottom, that will then make a bullish push.
- Price will then make a bullish push to test the neckline of the double top, which also aligns with the 50-61.8 Fibonacci level.
Please, Like, Comment, Follow for more ideas. Feel free to drop your ideas/analysis below !!!
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.