Hey guys,
after earning some pips from my audusd trade, i now am focused on NZDUSD that could give a nice opportunity during the night, or tomorrow. From a bigger perspective, in the daily chart price is in downtrend, being the break of structure to the downside, and is now retesting the former support that has been broken.
When price approaches these "hot" zones i start looking for reversal pattern on lower timeframe. In this case in the hourly chart we have a nice Gartley pattern completing at 0,6964 (as indicated above).
If and when price will reach that level, i'm going to short the market.
If you have any question, please let me know.
Otherwise, see you in the next chart
after earning some pips from my audusd trade, i now am focused on NZDUSD that could give a nice opportunity during the night, or tomorrow. From a bigger perspective, in the daily chart price is in downtrend, being the break of structure to the downside, and is now retesting the former support that has been broken.
When price approaches these "hot" zones i start looking for reversal pattern on lower timeframe. In this case in the hourly chart we have a nice Gartley pattern completing at 0,6964 (as indicated above).
If and when price will reach that level, i'm going to short the market.
If you have any question, please let me know.
Otherwise, see you in the next chart
Trade closed: target reached:
First and second targets hit!
