NZDUSD swing long 1hour Flag Pattern
There are the few points i am looking in this chart
1.Pervious market condition (4hrs time frame in a up trend )
2.Compare to the last down wave we can see clearly stronger momentum to the upside (more bull bar )
3.After a strong dirction move, price start to consolidate in a high level ( seller couldn't push the price lower )
4.Looking for a strong bull bar break out / retested to entry
Target: 2 times about the Flag pole
1.Pervious market condition (4hrs time frame in a up trend )
2.Compare to the last down wave we can see clearly stronger momentum to the upside (more bull bar )
3.After a strong dirction move, price start to consolidate in a high level ( seller couldn't push the price lower )
4.Looking for a strong bull bar break out / retested to entry
Target: 2 times about the Flag pole