GBPNZD 15-19 [NOV] Analysis - Imbalance and Shark Fin for Bulls?
In this trend analysis I have noted a few things;
1. The daily downtrend has broken the upper trend line and PA is moving up.
2. The uptrend whilst making higher lows is not very enthusiastically making higher highs but is upholding the structure forming a wedge.
3. I have also noted 3 imbalance on the chart with the recent downtrend that may warrant move up.
The Wedge can be monitored and a long position can be taken once PA breaks the upper wedge line and the POC line. The TDI indicator also shows a shark fin which is above the green line with PA already above it.
1. The daily downtrend has broken the upper trend line and PA is moving up.
2. The uptrend whilst making higher lows is not very enthusiastically making higher highs but is upholding the structure forming a wedge.
3. I have also noted 3 imbalance on the chart with the recent downtrend that may warrant move up.
The Wedge can be monitored and a long position can be taken once PA breaks the upper wedge line and the POC line. The TDI indicator also shows a shark fin which is above the green line with PA already above it.
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