tonz_of_gunz
Long

NZDUSD SHORT TERM ANALYSIS

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
NZDUSD             forming an ascending triangle pattern which gives me a signal that it wants to go higher.
Comment: Set up still valid after we had a fake breakout but it didnt make a new low.
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Comment: I have been asked what i think about NU, i still see more up but the rising wedge pattern is making me stay out of this until we see a clear breakout in either direction.
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no new high as well
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Its normal for an ascending triangle pattern to not make new highs :), until we have the breakout of course.
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Vinnz tonz_of_gunz
yes probably need to wait until Friday for big move :) GL
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I am also waiting for that bearish probability also: a break to the downside, although, I am taking small trades in it now.
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Welll... looks like you have your breakout...
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