NZDUSD - Multiple Signs for Up-Movement - Confluence

*** Trade at your own risk! ***
*** Not every idea is also traded by us ***


Hi Traders!

The setup of the idea is that we have multiple factors coming together
to make confluences and forming an Up-Movement.

Here are the factors from big to small:

• Daily descending Parallel Channel
  
• Price at the Bottom TL of this Parallel Channel
  
• Consolidation after Downtrend forming an Accumulation
  
• Break of big Trendline
  
• Potential Retest of this big Trendline
  
• Bullish Divergence on the MACD Oscillator
  
• Tight H1-Trendline
  

For many people, these give information is enough and that's why are only publishing the indications without mentioning the meanings, effects, detailed explanations, deep analysis or importancy of them. Also to keep it short for advanced Traders.

If some curious Trader wants to know more about anything - go ahead and ask! It would be a pleasure for us to answer.


If you want to know more about any point of them or if you have another POV, than feel free to share!




Thanks and successful Trading :-)!