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
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This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal