fximperija
Short

3 reasons to go short on NZDUSD

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
94 7 2
1. No higher high

2. Bearish AB-CD             pattern completed

3. RSI overbought
ForceFollower
2 years ago
Sure, but, there IS a higher high; :-) what you probably mean is no higher close?
Reply
CapMoore ForceFollower
2 years ago
I see a higher high.
Reply
CapMoore ForceFollower
2 years ago
It's a higher high even on a close basis. But it's of less importance either way here.
Reply
fximperija ForceFollower
2 years ago
A Higher High is a high above the previous one with a close above. A wick which is higher than the previous one with close below the previous high is not a higher high, please don't dissect the term.
Reply
CapMoore fximperija
2 years ago
If you mix highs and closes yes, but it's exotic use certainly.
Reply
fximperija ForceFollower
2 years ago
On this daily chart is no HH, but it depends on the stream provider and time zone.
Reply
ForceFollower
2 years ago
OK., guys. What matters here is not, whether the high itself if higher than the extreme price recorded before, but rather HOW the very high has been taken. When the trend is strong, the high should be taken out in a manner excluding any discussion whatsoever. The high to the left should be taken with ease on close, so noone should have any doubt about it. If the market doesn't do that and fails to make further advancements, we'll probably see a corrective move (some call it an upthrust - a Wyckoff method). But the multiple highs don't get taken too easily. There's another high to the far left (2013-04-11) and then - yet another high even higher. That's why let the market show how strong it is and we should rather wait for the first failed rally to call the swing move done.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out