The NZD/USD pair is showing strong signs of a potential reversal. The price has entered the Potential Reversal Zone (PRZ) as indicated by the AB=CD harmonic pattern. A clear bullish divergence has also been spotted on the chart, adding further confirmation to the setup.
To strengthen the bias, a falling wedge—a classic bullish reversal pattern—has formed. With all technical indicators aligning, we anticipate a bullish reversal in the coming sessions.
🔹 Pair: NZD/USD
🔹 Trend: Bearish (but preparing for reversal)
🔹 Pattern: Falling Wedge
🔹 Harmonic Pattern: AB=CD
🔹 Divergence: Bullish
🔹 Entry: Buy Stop at 0.59917
🔹 Stop Loss: 0.59549
🔹 Take Profit 1: 0.60285
🔹 Take Profit 2: 0.60653
🔹 Lot Size: 0.14
🔹 Risk/Reward: 1:1 and 1:2
🔹 Risk: $200
🔹 Potential Reward: $300
📌 #NZDUSD #ForexSignals #HarmonicPatterns #ABCDPattern #BullishDivergence #FallingWedge #TechnicalAnalysis #ForexSetup #ReversalTrade #PriceActionTrading #SmartMoney #1HChart #FXTrading #RiskReward
To strengthen the bias, a falling wedge—a classic bullish reversal pattern—has formed. With all technical indicators aligning, we anticipate a bullish reversal in the coming sessions.
🔹 Pair: NZD/USD
🔹 Trend: Bearish (but preparing for reversal)
🔹 Pattern: Falling Wedge
🔹 Harmonic Pattern: AB=CD
🔹 Divergence: Bullish
🔹 Entry: Buy Stop at 0.59917
🔹 Stop Loss: 0.59549
🔹 Take Profit 1: 0.60285
🔹 Take Profit 2: 0.60653
🔹 Lot Size: 0.14
🔹 Risk/Reward: 1:1 and 1:2
🔹 Risk: $200
🔹 Potential Reward: $300
📌 #NZDUSD #ForexSignals #HarmonicPatterns #ABCDPattern #BullishDivergence #FallingWedge #TechnicalAnalysis #ForexSetup #ReversalTrade #PriceActionTrading #SmartMoney #1HChart #FXTrading #RiskReward
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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.