anilmangal
Short

A nice sell setup on NZDUSD 60 mins

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
1629 13 105
Selling the breakout is a good idea.

Trade with care, make sure you are using a TESTED strategy, Remember I am only sharing my view on the direction I believe this pair has a high probability of going.

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Guess I got lucky with my previous comment: ascending triangle played out (50% fib level as resistance)!!
We penetrated the 61.8% level too. Retracement and back up is my guess... But FOMC rate decision could take us who knows where...
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Update on NZDUSD, it put a wick below the trend and now in a triangle.
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+4 Reply
alr14uk anilmangal
Another dip below the trendline, or southbound breakout? Either way I won't be playing big until after Thursday's rate decision...
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still looks up now not a wedge but an abc, let's see
+1 Reply
alr14uk anilmangal
Before another impulse down?
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what are you thinking? Is it still breaking or reflects back up
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Hi Anil., cool analysis.., I almost decided to let this one pass as I could not get a valid count for this structure.,

Here is the best wave count I could find.., Appreciate if you can share you expertise.

Please let me know if any other wave counts fit in.

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I've got to STOP thinking with my heart, instead of thinking between my ears.
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Oh, such a shame for a pair when it is obviously bullish.
This downtrend is, I feel a bullish move.
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Nice ANIL!!... It's all about the structure..
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