anilmangal
Long

NZDUSD corrective structure

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
2952 17 161
The NZDUSD             looks like it completed a 5 wave corrective structure and is starting an impulsive move up .
Buying the break out of this lower degree correction is a good idea.

Trade with care.

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Comment:
snapshot


let's see how this develops
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Short term C up was a good trade.
+1 Reply
anilmangal PRO IvanLabrie
yep, made a couple pips but not my kind of trade. I like the long ones
+2 Reply
IvanLabrie PRO anilmangal
Yeah, me too but we gotta take what the market gives us traders. :)
+1 Reply
IvanLabrie PRO IvanLabrie
The 'hanging fruit'...
+1 Reply
I was just about to ask the same thing
Reply
We pulled back to the top of the structure. Would this be a good area to re- enter longs? (NZD Business PMI in 11hrs)
Reply
anilmangal PRO Chartsmith
If you have a strategy for such trades then ... why not . Calculate your risk and make the choice
+4 Reply
Chartsmith anilmangal
I don't as such. I'm more comfortable trading on the daily frame where this pair doesn't inspire a buy or sell view at the moment. It's why I asked you for your view :)
Reply
Sir, this is what i analyze about it.
Do you think it is correct?
 
Reply
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