#NZD/USD News
Forum Time™ H4
I hope everyone is in good spirits! The linear regression channel on the 4-hour chart is showing an upward trend, indicating active buyer participation. I am considering a buying opportunity and will wait for a market correction. Once the lower limit of the channel, at level 0.58852, is reached, I will look for a potential buying point. I aim to avoid selling against the market trend, especially since the channel is expanding. A correct market entry strategy for me involves entering from the lower border of the channel to minimize potential losses resulting from incorrect entries, a common issue faced by traders. My upper limit target will be set at 0.59210; following the formation of the channel's peak, I will consider a corrective pullback.
Reasoning for the correction: Opting for an oscillation channel. Both the linear regression channel and the H4 chart are moving in the same upward direction, indicating heightened bullish interest. In line with both channels, the focus is on potential purchase opportunities. There are no favorable conditions for selling at present. To consider selling, the H4 channel would need to at least trend downwards, but as seen in the images, both channels are trending upwards, minimizing the likelihood of bearish movements. Given that buyers are driving the market, it is prudent to align with them from the lower border of the channel boundary at 0.58701, providing a more advantageous entry point for buying. Beneath this level, there may be a mix of both selling and buying pressure. I am planning to target the top of the channel at 0.59307. Once the upper limit is reached, buyers may reach their target, potentially leading to a decline. I will opt to wait out this period. Following a pullback, I will seek buying opportunities within the overall upward trend.
Forum Time™ H4
I hope everyone is in good spirits! The linear regression channel on the 4-hour chart is showing an upward trend, indicating active buyer participation. I am considering a buying opportunity and will wait for a market correction. Once the lower limit of the channel, at level 0.58852, is reached, I will look for a potential buying point. I aim to avoid selling against the market trend, especially since the channel is expanding. A correct market entry strategy for me involves entering from the lower border of the channel to minimize potential losses resulting from incorrect entries, a common issue faced by traders. My upper limit target will be set at 0.59210; following the formation of the channel's peak, I will consider a corrective pullback.
Reasoning for the correction: Opting for an oscillation channel. Both the linear regression channel and the H4 chart are moving in the same upward direction, indicating heightened bullish interest. In line with both channels, the focus is on potential purchase opportunities. There are no favorable conditions for selling at present. To consider selling, the H4 channel would need to at least trend downwards, but as seen in the images, both channels are trending upwards, minimizing the likelihood of bearish movements. Given that buyers are driving the market, it is prudent to align with them from the lower border of the channel boundary at 0.58701, providing a more advantageous entry point for buying. Beneath this level, there may be a mix of both selling and buying pressure. I am planning to target the top of the channel at 0.59307. Once the upper limit is reached, buyers may reach their target, potentially leading to a decline. I will opt to wait out this period. Following a pullback, I will seek buying opportunities within the overall upward trend.
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