FX:NZDUSD   New Zealand Dollar / U.S. Dollar
1450 19 97
The strong up move on the NZDUSD             is now making a corrective structure, we know correction can be complex so some more down is possible but could be short lived .
I am Buying the 618 or the break out for for the next up impulse.
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Dear Anil. It breaks up and consolidate to down trend. So that this breakout to up was false. How I can know the false break from the true one ? Because I think this is the key of successful trade
thank you
so is this a clear break to up or it will consildate again down??
anilmangal UAE_FIGHTER
consolidate above breakout for up
+1 Reply
i conccur
It breaks up but retrace down again. Do u consider this is false breakout ? Or once it break the trend line, it will retrace and will go up again ?
+1 Reply
it has to consolidate
+4 Reply
glaxo anilmangal
What I mean by my question, if it consolidate after break out, this is a sign of continuation to up or not ? Because I want to realize the concept
+1 Reply
Not really, it has to break out of that correction than the triangle breakout has been confirmed.
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