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RaynLim

Trade Ideas Educator: NZDUSD Triangle

New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
RaynLim Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Harmonic Patterns Shark Triangle askforex100 NZDUSD Descending Triangle trendtrading Bullish Shark countertrend breakout
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harmonicpatterns sharkpattern triangle askforex100 nzdusd descendingtriangle trendtrading bullishshark countertrend breakout
A Bullish Shark setup as a countertrend trade meets a descending triangle, a breakout to the upside or downside is required to have a clearer picture of where the market will move and that is because of the RSI is neither in the overbought nor oversold area.
Comment:
A break and close below descending triangle confirms the bullish shark invalid, will wait for retracement to engage for a short.
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RaynLim
Trade Ideas Educator: NZDUSD Shark
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