Good morning traders, hope you are all having a fantastic week.
Just a quick update, I have taken NZD/CAD off my watchlist and added this new pair.
Price is continuing its bearish momentum creating lower lows and lower highs and we have just come off the back of a double top. However, I am starting to lean more towards a bullish perspective for multiple reasons.
- Price consolidated heavy and failed to break lower before making this double top.
- Price began to form mini bullish structures (higher highs & higher lows).
- Support is currently holding on a valid retest zone for a potential reversal.
As long as we hold this retest zone I will be looking for buys on the hourly timeframe.
Just a quick update, I have taken NZD/CAD off my watchlist and added this new pair.
Price is continuing its bearish momentum creating lower lows and lower highs and we have just come off the back of a double top. However, I am starting to lean more towards a bullish perspective for multiple reasons.
- Price consolidated heavy and failed to break lower before making this double top.
- Price began to form mini bullish structures (higher highs & higher lows).
- Support is currently holding on a valid retest zone for a potential reversal.
As long as we hold this retest zone I will be looking for buys on the hourly timeframe.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.