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shahidtrader
Dec 10, 2017 5:35 PM

NZD USD - FORMING A REVERSAL PATTERN TO CHANGE OF THE TREND 

New Zealand Dollar/U.S. DollarFXCM

Description

NZDUSD IS GIVING US A REVERSAL PATTERN TO CHANGE THE TREND. THE BEST TRADE WE CAN TAKE IS A BUY AND FOR A BUY WE MUST LOOK PRICE ACTION AT THE LOWER TRENDLINE OF THE PATTERN
Comments
JonathanMcBrine
What the entry for a buy?
shahidtrader
@JonathanMcBrine, i don't understand your question
shahidtrader
@JonathanMcBrine, AS I SAID, IT'S BETTER WATCH THE PRICE HIT THE LOWER TRENDLINE OF THE PATTERN TO TAKE A BUY. WHEN PRICE HIT THAT LOWER TRENDLINE WE MUST SEE A GOOD PRICE ACTION TO TRADE IT.
JonathanMcBrine
I got a bearish engulfing pattern?
shahidtrader
@JonathanMcBrine,

I PREFER WAIT THAT PRICE HIT THE LOWER TREND LINE TO TAKE A BUY.
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