NZDUSD is testing the MA50 (1d) after a Support (1) rebound.
The Arc pattern looks like the one from March-April. Following a double MA50 (1d) breach, the price made one last pull back and then rebounded.
Trading Plan:
1. Buy on Support (1) again.
Targets:
1. 0.6200 (the 0.618 Fibonacci level, which was the May 11th high).
Tips:
1. The RSI (1d) is also highly correlated with the March-April sequence, indicating that we may be on the April 13th leg.
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Notes:
Past trading plan:
The Arc pattern looks like the one from March-April. Following a double MA50 (1d) breach, the price made one last pull back and then rebounded.
Trading Plan:
1. Buy on Support (1) again.
Targets:
1. 0.6200 (the 0.618 Fibonacci level, which was the May 11th high).
Tips:
1. The RSI (1d) is also highly correlated with the March-April sequence, indicating that we may be on the April 13th leg.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.