PriceActionTrading
Long

NZDUSD COULD BE START OF BULL REVERSAL

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
168 12 6
EDIT : NO MORE UPDATES
M1 alternate view showing only the closing price, which is IMO             a better indicator for price action analysis.

M1 normal view

H4

And yes, this is countertrend. I could be wrong more than im right. But its worth a shot.
There will not be updates if insufficient likes. Reason is not enough followers not worth my time updating the trade.
FINAL UPDATE : NO MORE UPDATES DUE TO INSUFFICIENT LIKES.
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aaahmed12 PriceActionTrading
thank you.. keep updating please on all major currencies. i really appreciate it because i follow many others but they dont update with details comment like yourself.
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aaahmed12 PriceActionTrading
is there a strong likelihood the reversal will reverse back to a downtrend to meet the second support
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Strong likelihood. No. Likelihood. Yes. Will look to buy @ 61.8 - 88.6%. Stop below the pin bar. If price moves below and closes below the pin bar then all bulls have lost.
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UPDATE 3 :
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UPDATE 2 : Although the real bodies of the H4 did not form an engulfing. The wicks of the H4 has engulfed the previous H4 bar. Currently price trading above the engulfing pattern. If next H4 closes above the engulfing, could be bullish start but D1 confirmation is more important.
H4


D1
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PriceActionTrading PriceActionTrading
Sorry the H4 and D1 are mixed up. But see the charts.
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Keep Posting and updating your Trades PAT! I like your Price Action Setups! :-)
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Tks !...I was very nervious whith your post !!
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criveracesin criveracesin
*with
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