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NZDUSD > Rising Channel with Huge RSI Divergence!!
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Analysis of #NZDUSD
Another rising channel with huge RSI divergence into resistant line and structure for short.
I don't trade RSI by itself but it's the only indicator I use in my trading to guide me and give a look at the market strength and looking at this market from the outside it looks strong but looking atRSI giving us a very different idea.
i will be monitoring this setup on the lower time frame to see if it will provide us a reversal pattern to enter short, you need to be extra careful here as this could shoot more to the upside before it moves down eventually
⠀
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
Analysis of #NZDUSD
Another rising channel with huge RSI divergence into resistant line and structure for short.
I don't trade RSI by itself but it's the only indicator I use in my trading to guide me and give a look at the market strength and looking at this market from the outside it looks strong but looking atRSI giving us a very different idea.
i will be monitoring this setup on the lower time frame to see if it will provide us a reversal pattern to enter short, you need to be extra careful here as this could shoot more to the upside before it moves down eventually
⠀
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.