Price is NZDUSD has been consolidating below a broken long term uptrend and it now seems that it's breaking below the consolidation. We could enter now into the market but stoploss (above previous high) would be a little expensive. So it would be a much better idea waiting for a pullbak at the upper parallel of the smaller median line set and watch for a setup at that level. Another option would be to just place a sell order at that level. As for profit target aiming to the median line of the large set is most likely to happen and will give a tremendous risk/reward trade setup.
Likes and comments are always welcomed..
Likes and comments are always welcomed..