anilmangal

NZDUSD corrective structure- buy setup

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
1622 13 108
The NZDUSD             is now in a consolidation, buying the break out of the consolidation is a good idea.
The daily trend is down so this move up is still correction until the trend is broken .

Use good MM .
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good point.
+1 Reply
Thanks Anil i will keep an eye on this one
+1 Reply
contracting wedge?
Reply
not a wedge
+2 Reply
pippo anilmangal
thank
+1 Reply
JalRad anilmangal
if not wedge then wot?
Reply
alright boss
Reply
looking at the exact same analysis (got the short move too) - see my notes below - thanks to your previous post on this pair :)
30-8-14
+1 Reply
Hi Anli, what you think of this?
snapshot
Reply
nice,but not how I would do it
+4 Reply
alr14uk anilmangal
Has the break of the bottom trendline invalidated this setup, or is it still OK? Watching and waiting...
Reply
let's see if the bounce or consolidate
+4 Reply
Let's wait and see where to next.
Reply
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