anilmangal

NZDUSD corrective structure- buy setup

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
1616 13 104
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 .
Like and comment .
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JamesZhang
a year ago
good point.
+1 Reply
hounds
a year ago
Thanks Anil i will keep an eye on this one
+1 Reply
pippo
a year ago
contracting wedge?
Reply
anilmangal TOP pippo
a year ago
not a wedge
+2 Reply
pippo anilmangal
a year ago
thank
+1 Reply
JalRad anilmangal
a year ago
if not wedge then wot?
Reply
fif35770297
a year ago
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
P_Parker
a year ago
Hi Anli, what you think of this?
snapshot
Reply
anilmangal TOP P_Parker
a year ago
nice,but not how I would do it
+4 Reply
alr14uk anilmangal
a year ago
Has the break of the bottom trendline invalidated this setup, or is it still OK? Watching and waiting...
Reply
anilmangal TOP alr14uk
a year ago
let's see if the bounce or consolidate
+4 Reply
Let's wait and see where to next.
Reply
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