I am look for short setup from top. I and couple of my traders took short on this pair couple of times and we are expecting still the same trade setup short from the top and stop loss outside the structure and if structure breaks up then the idea will be invalidated.
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Triangle closing its ranges breakout coming soon. Here is the update.
Comment
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Comment
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If do not breakdown this time look for sell from top. One thing is confirmed that we have ascending reversal channel formation on 4hrs and top is confirmed here is the update.
Whats your position on NZDUSD? You can see strong resistance on both Daily and Weekly. The pattern on daily should be a break above?
Wave-Trader
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Keep selling from top and if you see any reversal sign on wedges line then close and wait for top again. remember dont look for buy. We gonna see breakdown of this wedge very soon.
Wave-Trader
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Here is th idea
StevenMilward
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I was thinking this too! Thanks.
StevenMilward
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We seem to have broken above on the daily. I'm short. Would you be worried right now or not? Its -4.1 for short swap though so i guess this means banks agree its going short?
IvanLabrie
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Hi, I'm curious about your wave count here. What are the labels (and method used)?
Cheers,
Ivan Labrie.
Wave-Trader
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Thanks for the feedback mate here is the labels. I was thinking everybody knows counting on Tradingview.
Wave-Trader
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Here is the reason why i am not expecting breakup.
IvanLabrie
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Yes, that is one big triangle. I ask mainly because the way people labels counts changes considerably. I'm holding longs now, just interesting to see what others are doing.
I'm sure others will appreciate the labeling.
Good luck!
Wave-Trader
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Thanks for the feedback mate and Good Luck with your long mate.