stockmarketdaytrader

Break Out To The Upside

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OANDA:NZDUSD   紐元 / 美元
We have an inverted head and shoulders that's visible on multiple time frames. On the 15 minute chart we have price action forming railway tracks and price is looking to head up. We have price action finding support at a pivot point area, and it will bounce right up! The inverted head and shoulders neckline intersects with another important resistance line, when price action breaks those levels, that's a good signal to buy! On the 30 minute chart we have 2 distinct candlesticks that make a bottom, these 2 candlesticks formed right on top of a pivot point, which make the candlesticks very significant! Price action is about to break an important trend line and head up. On the hourly chart we have a doji candlestick forming right on the pivot line, which tells us that price action has found support there! On the 4 hour chart, looks like price action has already broken an important trend line, which tells us that price action will continue heading up! On the daily chart I can a distinct railway tracks, after price action has formed it, prices has been going up! The railway tracks are sitting on a support line, which tells me price may have found an upper boost there!

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