Hello and welcome to my trade Analysis for NZDUSD H1
NZDUSD forming a nice downward channel on the hourly. Waiting for it to break and retest (breakthrough, then come back for a touch on the outside of the channel before continuing to move away) the blue dotted lines are quarter theory lines (strong supply/demand zones) a break and retest on or near them will be extra confirmation to the trade. The arrows I have drawn are for example purposes and are not meant to be fully accurate.
Set alerts like I have here (yellow lines) so you can be notified when the market may be breaking out, trust me alerts are life savers!
Thanks for viewing
best of luck!
NZDUSD forming a nice downward channel on the hourly. Waiting for it to break and retest (breakthrough, then come back for a touch on the outside of the channel before continuing to move away) the blue dotted lines are quarter theory lines (strong supply/demand zones) a break and retest on or near them will be extra confirmation to the trade. The arrows I have drawn are for example purposes and are not meant to be fully accurate.
Set alerts like I have here (yellow lines) so you can be notified when the market may be breaking out, trust me alerts are life savers!
Thanks for viewing
best of luck!