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jojofang0901

NZDUSD Can It Start To Reverse ?

Long
New Zealand Dollar / U.S. Dollar (OANDA:NZDUSD)  
jojofang0901 Updated   
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction
41
5
chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction

Hello traders:

Here on NZDUSD, price is once again at the bottom of structure, and forming possible reversal price action.

From the higher time frame, we can see strong bullish impulse up to reverse the COVID sell off,
and price begin to form into the flag/descending channel structure.
snapshot

On the lower time frame we are seeing the correction continue to develop, multiple swing highs and lows to correct the price within.

Latest development showed a nice fallen wedge reversal at bottom of HTF structure, and a bullish impulse break up.

Good idea to wait for bullish continuation correction to form and complete, to give a possible entry to the next highs.

Thank you
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