A Bullish Bat on NZDUSD AND A Potential Bullish Shark

10 дек.

WEEKLY: Price has bounced off of weekly support
with a bullish candle and the bullish candle has a rejection below. A NEW STORY IS ABOUT TO BEGIN

DAILY: We have a CHOCH on the daily to the upside. price is coming back to retest a level of support. we have a bullish shark on the daily, but 1.13 of XA is yet to be tested, AND 2.24 OF BC PROJECTION IS YET TO BE TESTED. (Obstacle). hopefully, the retest holds

H4: NO SET UP , CONFIRM CHOCH.

H1 and H2: A BULLISH BAT WITH CONFIRMED CHOCH, WE ENTER AT THE RETEST OF THE SUPPORT.
TARGET NEXT WEEKLY RESISTANCE AT 0.5917 ( though am planning on swinging it)
STOP LOSS: RECENT LOW, (28 PIPS)