Price is forming an rising wedge pattern. So looking to enter short Please Note: Just knowing the direction of the next move will not help being profitable in the long run. There is a lot more to it with regards to the entry technique and trade management after entering the trade. If you look at my previous trades, 90% are impulsive moves covering about average...
Previous trade ended up being a break even trade. As structure wise there is no change. Hence I am looking for more short setups. Looks like the market is forming a M pattern. Will wait to see ones it reaches the double top area and then will look to enter on the hover at the base of the channel Or if it breaks the channel then will look to enter on the 15m hover
#NZD/USD sell now current price make a good opportunity.
Follow for more signal.when it's break the entry point then take buy
Currently, as we can see the nzdusd is in an acute downtrend. It is very close to the trend line and has also hit a demand zone that was tested many times in the past. The trade is on the 1 hr time frame. All the anlysis that I made was on the 4 hr and daily timeframes. ### Appropriate risk reward is 1:3 here..
Price as impulsively broken down the bottom trend line. Hence will wait for 6-8hr candle to form and looking like a bear flag to enter short
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.654). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDUSD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance....
Follow for more signal. Wait for a retracement Find enter
if the current SNR break down happen means, will see the downtrend
Follow for more signal. When it's break a green Line take buy. If it's break the red line take sell .