looking at NZDUSD on the 4H timeframe.
Price bounced from a green demand/support zone around 0.59140.
There’s an RSI bullish divergence (price was going sideways/down, but RSI was going up)
Strong support zone at 0.59140
The green zone is a clear demand zone or support, where price previously reacted strongly.
Price came back to retest it and bounced — this is classic behavior (liquidity grab → reversal).
RSI is now above 50
Current RSI is about 55.89 and climbing.
That tells you bullish momentum is taking control.
RSI moving above 50 confirms that the pullback is likely over, and buyers are stepping in.
WHAT DO YOU THINK ABOUT THIS IDEA?
Price bounced from a green demand/support zone around 0.59140.
There’s an RSI bullish divergence (price was going sideways/down, but RSI was going up)
Strong support zone at 0.59140
The green zone is a clear demand zone or support, where price previously reacted strongly.
Price came back to retest it and bounced — this is classic behavior (liquidity grab → reversal).
RSI is now above 50
Current RSI is about 55.89 and climbing.
That tells you bullish momentum is taking control.
RSI moving above 50 confirms that the pullback is likely over, and buyers are stepping in.
WHAT DO YOU THINK ABOUT THIS IDEA?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.