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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Training : add to skype mangal457
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...
Update on NZDUSD, it put a wick below the trend and now in a triangle.
+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...
still looks up now not a wedge but an abc, let's see
+1 Reply
alr14uk anilmangal
Before another impulse down?
what are you thinking? Is it still breaking or reflects back up
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.

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