Buy Setup on NZDUSD
On NzdUsd, price has been overall bullish on the larger timeframes. I've created non-horizontal support/resistance levels to contextually analyze where price is relative to the levels. We could identify that price is currently sitting at a non-horizontal support level, which signals buy setups.
On the lower timeframes, price has been ranging between a significant support and resistance level. The only times price has broken this range is to reject off of the non-horizontal resistance and support level. If price manages to break through the resistance level, this will show a sign of strength to me, and I'll be awaiting a pullback to the level before considering a buy setup. If we have some bullish rejection present on the retest, I'll most likely go long. But for now, patience patince patience.
On the lower timeframes, price has been ranging between a significant support and resistance level. The only times price has broken this range is to reject off of the non-horizontal resistance and support level. If price manages to break through the resistance level, this will show a sign of strength to me, and I'll be awaiting a pullback to the level before considering a buy setup. If we have some bullish rejection present on the retest, I'll most likely go long. But for now, patience patince patience.
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.