"Top and Bottom Analysis" NZDUSD by ThinkingAntsOk
4H CHART EXPLANATION:
Main Items we Observe on the Chart:
-Price has been on a range since October 2018
-Price is on a Descending channel that has been perfectly respected during the whole bearish movement
-On MACD we can see a bullish Divergence that makes us think that a corrective structure or a Reversal may be coming
-Currently, price is about to face a Support zone
Based on this we are going to wait until the price reaches the support zone and see the reaction there either for short or long setups
MULTI TIMEFRAME VISION:
-Weekly:
-Daily:
*Please note that the above perspective is our view on the market, We do not give signals and take no responsibility for your trades.
Main Items we Observe on the Chart:
-Price has been on a range since October 2018
-Price is on a Descending channel that has been perfectly respected during the whole bearish movement
-On MACD we can see a bullish Divergence that makes us think that a corrective structure or a Reversal may be coming
-Currently, price is about to face a Support zone
Based on this we are going to wait until the price reaches the support zone and see the reaction there either for short or long setups
MULTI TIMEFRAME VISION:
-Weekly:
-Daily:
*Please note that the above perspective is our view on the market, We do not give signals and take no responsibility for your trades.