Nzd broke out bearish diagonal trendline with a cup inverted hs type of structure and an extended handle that manage to break price higher so it’s an official change in trend here I would like to see how this turns out but as of now the pair needs to regroup lower as there are some big ranges it’s is up against it would be nice to get a retest at this midline range here for a buy correction cus it’s to risky to be a buyer without seeing how the bulls can recover from a sale
With the triple i pattern it’s possible to see a continuation in the up direction just as well as a the down but the rsi is looking bearish and they had tp in that range so maybe they’ll reenter on a retest there giving them a cheaper price then what we are at currently where I’ll be looking to enter long as well
With the triple i pattern it’s possible to see a continuation in the up direction just as well as a the down but the rsi is looking bearish and they had tp in that range so maybe they’ll reenter on a retest there giving them a cheaper price then what we are at currently where I’ll be looking to enter long as well