Price recently broke out of a falling wedge pattern and has been moving from one corrective structure to another, without making any real progression on either of the direction.
Looking for a break out of 15MIN structure to take long entry
This was an unplanned trade.
NZDUSD was among the bullish group of my watchlist. Price has been extremely bullish with rare and short pullbacks.
As price has been bullish for a few consecutive days, a short term bearish move was possible.
Although the trade does not have too much confluence, it can be considered as a valid trade because of the wedge (reversal...
Price formed a flag after price took support on the lower level of ascending structure. Since the pair is in bullish trend, and a bull flag has formed taking support on the resistance of the previous support, i'd be looking for long opportunity