GBP/NZD
4/28/21 - Thur - 1:10 PM
Double bottom (PR)
Rejected on 000 level
Rejected on 50% fib
Rejected on support line (PR)
Rejected on trend line (PR)
Divergence on 1hr, 4hr, daily
Long term uptrend (+)
Short term downtrend (-)
(Pattern is towards top of the market which is not in favor but past data has shown strong rejection off trend line and support line. The market is also starting to consolidate which is in our favor.)
4/28/21 - Thur - 1:10 PM
Double bottom (PR)
Rejected on 000 level
Rejected on 50% fib
Rejected on support line (PR)
Rejected on trend line (PR)
Divergence on 1hr, 4hr, daily
Long term uptrend (+)
Short term downtrend (-)
(Pattern is towards top of the market which is not in favor but past data has shown strong rejection off trend line and support line. The market is also starting to consolidate which is in our favor.)
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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.