Vladimir Ribakov analyzes NZD/USD and identifies a reversal setup where the RSI shows bullish divergence while price makes lower lows. The pair has stayed above its Bollinger Band for over 20 candles on the 4-hour chart, suggesting a pullback is coming. His plan is to buy dips around support zones for short-term upside moves.
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Another super interesting opportunity could be found on unusual pair for us, New Zealand dollar. What do we have here? Rising supportive line, and these lows act as the demand area. And moreover, this is a very strong Bollinger Band zone. Since the break— this is our Bollinger Band indicator, you can find all the information of course, uh, in the description below this video. But since the break of the Bollinger Band, This is the duplication area. This is surrounding this levels we just discussed, and this is a classical dynamic supportive zone. RSI is flirting with oversold area there as well. And if we go to the 4-hour chart, we are overriding the Bollinger Band for more than 20 candles here. The way it looks right now, we are building a bullish divergence, which means lower lows on the chart, higher lows on the indicator. Usually it is a sign that a pullback is about to take place. And I think around this zone we just saw before here from the, uh, daily and the weekly levels, that could provide very interesting bounces to the upside, at least on the short term. So looking to buy these dips is my trading plan.