NZD/USD Potential Long
Looking at NZD/USD we can see a BAT Harmonic Pattern formed. Note the price is currently higher than the entry.
With the Stochastic indicator we can see the orange line is coming down to cross under the blue line, hinting slightly more downwards before the reversal up.
And then we have the MACD signal beginning to cross under the MACD.
Risk/Reward: 3.95 with 4 potential take profits.
*This is not trading advice. I am simply sharing my thoughts on where I believe NZD/USD is going next week.*
I appreciate all feedback!
*Double check my analysis with your own to make a confirmation before taking the trade*
With the Stochastic indicator we can see the orange line is coming down to cross under the blue line, hinting slightly more downwards before the reversal up.
And then we have the MACD signal beginning to cross under the MACD.
Risk/Reward: 3.95 with 4 potential take profits.
*This is not trading advice. I am simply sharing my thoughts on where I believe NZD/USD is going next week.*
I appreciate all feedback!
*Double check my analysis with your own to make a confirmation before taking the trade*
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.