KristupasDaunys

NZD/USD - A possible move to the upside.

FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar
- If 50EMA on 4H time-frame not gonna reject the price to the downside we will have an awesome impulse to the upside.

- Wedge on the 1H time-frame is completed, price broke the pattern and now it's looking like the pullback will come so the advice here would be to act on that pullback if you know how.

- Price on major time-frames are looking good and in this position, there is a possibility to hold this trade because if you zoom out the Daily time-frame you will see that the price is in another much bigger pattern so let's guess what would happen if the price will break that one. It's would be a ridiculously huge position for you guys out there who knows how to hold positions for the longer term.

- So yea, simple setup, now let's wait and see if the price is gonna give us a tradeable pullback or not. If not leave the setup alone, tomorrow there are some high impact news out there so stay safe and don't take unnecessary risks.
Comment: So yea, correction happened right on the dot. Let's wait and see what will happen next, another impulse up now is expected. So, if price gives us an entry to the upside don't miss it.
Comment: Stay aware that there is high impact news today. So, that can affect the market current situation.
Trade closed: target reached:

It went perfectly, those who took it with me you can take the profit now. I will move it to BE, wait and see if the market going to push price higher.
You said target was reached but you put the TP @ 0.6607 which wasn't reached?
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KristupasDaunys GeorgeToskov
@GeorgeToskov, Because you don't read the comment under the latest picture where I said "those who took it with me you can take the profit now". I personally decided to hold this trade for the longer run or take break even if it turns.
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Awesome analysis mate!! Love your style.
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