NZDUSD - Daily - Beginning of a profitable uptrend?
Important test for the NZDUSD. After the first touch and rejection of the support (last minimum of 2015) , price is approaching it again. A further rejection may lead to the beginning of a profitable uptrend.
Analyzing the RSI, breakout 32 level when the rejection occurred, and now it is retesting this level. A further rejection upwards may be the first signal of inversion of the trend. Besides on the 4H TF there's a divergence: lower low for price - high low on RSI.
Entry @0.6276
TP @0.6433
SL @0.6243
R/R 4.9
Analyzing the RSI, breakout 32 level when the rejection occurred, and now it is retesting this level. A further rejection upwards may be the first signal of inversion of the trend. Besides on the 4H TF there's a divergence: lower low for price - high low on RSI.
Entry @0.6276
TP @0.6433
SL @0.6243
R/R 4.9
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.