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REAL_CRYPTO_VIC
Mar 7, 2023 2:13 AM

watching for a solid break (NZDUSD) Long

FX:NZDUSD240
New Zealand Dollar/U.S. DollarFXCM

Description

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In this analysis, there is a break of htf (4h) falling wedge reversal pattern followed by a forming Head and shoulder pattern.
to ride the trend.

HOW DO WE ENTER:
On a break of trendline with a perfect retest/correction on trendline to ride the next impulse

SETUP INVALIDATION?
Formation of bearish patterns

TRADE CRITERIA:
Risk and Reduce entry
3:1rr
Inverse Hns formation
Falling wedge reversal

Thanks for reading

AS ALWAYS TRADE SAFE AND STAY SAFE!!!

Comment

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we didn't get in on this (we are saved) because price didn't give us what we were expecting which is a sharp bullish impulse you followed by a retest/correction but instead price broke-out and reversed back into the pattern. I'M STILL OVERALL BULLISH ON THIS, i'm watching out for the 3rd touch let's see what the third touch brings
Trend AnalysisChart PatternsIDEAtradingsignalsForexDXY
Comments
InvestingScope
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Very professional piece of work!
JoeChampion
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I agree on NZD strength, especially against CHF and USD!
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