SmartTradingFX

NZDUSD: Bullish Rotation (60M) Or Complex Pullback?

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
199 3 10
Analysis on chart!

This pair has been very Bearish so naturally you would want to look for Short opportunities unless you are a Counter Trend trader! Price recently broke structure to the upside putting in a higher high higher close and is now putting in an outside return back into structure! In this zone there is numerous fibs and harmonic leg completion! This may be an area to look for Longs depending on how price reacts here and if you get an entry signal thats in your plan!

On the other side of the market, this could be a complex pullback into structure where we may see more bearish action back down to re test previous lows @ 0.6350?

I will be looking at price action closely once markets open to see if we get any reactions at the above mentioned level!

Hit that like button, share and comment away I would love to hear your feedback!

Ric
PateSkpate
10 months ago
Great find my man! In my TCT Trade Plan that's a perfect buy.. Trend shift at least for the short term with that close above that .6513 level.
+1 Reply
SmartTradingFX PateSkpate
10 months ago
Thank you Kenny! As always, really appreciate your compliments! Are you adding technicals in a CTS style for a TCT setup too? Ric
Reply
PateSkpate
10 months ago
Yep already have it added on the 1hr and 5min TF's. Backtesting CTS was the biggest pain! Wow didn't expect it take that long!
Reply
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