impulsive move going to happen !!! it is going to retest the weakly order block !!
#simplepriceaction, #BREAKOUT #breakdown #MSB, #expansion, #orderblock, #reversal, #risk-reward, #moneymanagement .... only for educational purpose
RBNZ monetary policy statement impact has completed the pattern we have expected earlier. Currently we are anticpating a wave down to complete a 3 wave correction. This wave can happen anytime now. It may be impulsive or corrective in nature. The medium term is short with a TP of about 200 - 250 pips and SL of 100 - 150 pips. Expected duration of the trade is 30...
Bearish Divergence is seen in the hourly chart. We can short this as per the risk reward in indicate.
As indicated on CCI a bullish divergence is seen on NZDUSD pair on the daily chart. We can buy this as per the indicated limits.
AUDNZD:- BREAKOUT OF TRENDLINE ON WEEKLY TIME FRAME PLUS FORMATION OF HEAD AND SHOULDER IS ALSO STRENGTHEN OUR BEARISH BIAS. SELL ON RETEST OF BROKEN TRENDLINE. USE SELL LIMIT@1.06050 SL@1.07 TP@1.024