The NZDUSD Continues to Dip Further
From our previous analysis of this pair, we witnessed prices dip with a Bearish swing in place.
With the completion of the last Bearish swing on the 1-hour chart, we are ready for the next. We can see the price begin to retrace towards our PB. When price comes into our PB, we will use our method to refine to a valid zone from which we will expect to see reversals. And when we get the reversals, we will look to enter the trade using one of the entry methods learned.
The good news is, "This market has strong BEARISH potential."
With the completion of the last Bearish swing on the 1-hour chart, we are ready for the next. We can see the price begin to retrace towards our PB. When price comes into our PB, we will use our method to refine to a valid zone from which we will expect to see reversals. And when we get the reversals, we will look to enter the trade using one of the entry methods learned.
The good news is, "This market has strong BEARISH potential."
Trade active:
Let's update this piece, guys!
The market has continued to push bullish. From our earlier analysis, we saw the market dip to make a low, and we had established that from that point on, we would expect prices to begin to retrace bullish towards our refined zone of the 1 hour PB.
The market is still on that bullish retracement. It would have been a great idea to have caught a long on that bullish retracement, but I didnt. lol.
So now the market is almost in our zone. We should see the bullish move experience some slowing down as it draws closer to our target.
As a trader, patience is one of my virtues. A second one is that I trust my tradin system and I always stick to my rules. So on this one, I will stay disciplined. I will wait for the market to get into the zone and from there I would begin to look for possibilities of a bearish u-turn to set us off on our swing towards the extension.
When the market gives us the trade, the trade entry will come as a new idea. What are we gonna call it? Stay close to find out guys!
Let's update this piece, guys!
The market has continued to push bullish. From our earlier analysis, we saw the market dip to make a low, and we had established that from that point on, we would expect prices to begin to retrace bullish towards our refined zone of the 1 hour PB.
The market is still on that bullish retracement. It would have been a great idea to have caught a long on that bullish retracement, but I didnt. lol.
So now the market is almost in our zone. We should see the bullish move experience some slowing down as it draws closer to our target.
As a trader, patience is one of my virtues. A second one is that I trust my tradin system and I always stick to my rules. So on this one, I will stay disciplined. I will wait for the market to get into the zone and from there I would begin to look for possibilities of a bearish u-turn to set us off on our swing towards the extension.
When the market gives us the trade, the trade entry will come as a new idea. What are we gonna call it? Stay close to find out guys!
