Daily Bias Bullish.
Fundamentally, NZD news have been bearish. EUR is more neutral movement. with NZD CPI fall.
Price had a strong pullback to a daily horizontal level. Price did a short consolidation and broke out.
Price is reacting to both trendline and support level of higher TF in H4/Daily. Price closed above the H1 resistance level of consolidation.
Long trade set at the broken resistance of H1 and target Swing high of daily TF R:R 1:4.
SL is below the swing low.
Confluence
Higher TF (W/D/H4) - Bullish trendline and broken resistance level
Lower TF (H1/M30/M15) - Broken resistance level
Candle - Bullish momentum candle
Fundamentally, NZD news have been bearish. EUR is more neutral movement. with NZD CPI fall.
Price had a strong pullback to a daily horizontal level. Price did a short consolidation and broke out.
Price is reacting to both trendline and support level of higher TF in H4/Daily. Price closed above the H1 resistance level of consolidation.
Long trade set at the broken resistance of H1 and target Swing high of daily TF R:R 1:4.
SL is below the swing low.
Confluence
Higher TF (W/D/H4) - Bullish trendline and broken resistance level
Lower TF (H1/M30/M15) - Broken resistance level
Candle - Bullish momentum candle
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.