NZDUSD Offering With Trend Setup After Strong Impulsive Bull Run

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
196 6 7
The Kiwi has formed a strong counter-trend impulsive bull run taking out a former SH (swing high). It formed a consolidation, then broker higher confirming the bulls are in control. The recent corrective price action likely signals a pullback to support before heading higher, so a potential buy setup to catch the second leg of this move.
that was accurate :o
Great charts. There are clear and the price actions just yields at you. Keep up the good work :)
Hello Razvan. Thanks mate - appreciate the positive comments. Hopefully I'll get my Jedi badge in price action some day ;-)
Razvan 2ndSkiesForex
Well good luck on your battle with the Market :), I'll be following your charts.
Nice Price Action patterns. This is a very nice setup.
Hello Prada, Thanks mate. Was pretty much a textbook setup that went to the level, then bounced over +100 since. Now looking for a LH (lower high) to see if it shows some weakening and possible pullback.
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