NZDUSD: Analysis and Plan for the week ahead (26 MAY 2019)
I am still new to this but I am still learning. I am just sharing of what I feel through the analysis that I did while the market was closed on the weekends.
This is the NZDUSD pair. From what I have analysed, this is what I feel the market would do. At the moment, market is doing Higher Highs (HH) and Higher Lows (HL). Therefore the market is going uptrend.
What it will do next is that the price will be bearish to make another Higher Low.
1 confirmation is that the candlestick is bearish engulfment. Wait for one more candlestick to confirm a full engulfment.
Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
This is the NZDUSD pair. From what I have analysed, this is what I feel the market would do. At the moment, market is doing Higher Highs (HH) and Higher Lows (HL). Therefore the market is going uptrend.
What it will do next is that the price will be bearish to make another Higher Low.
1 confirmation is that the candlestick is bearish engulfment. Wait for one more candlestick to confirm a full engulfment.
Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.