FX:NZDUSD   New Zealand Dollar/U.S. Dollar
190 4 0
a right angled ascending triangle can easily be seen on the 1d chart. the upward sloping trendline was touched recently and a bearish engulfing pattern was formed. stop at 8780. first target at 8515 ie previous lows. however the break of this support can pose better targets. a bounce at this support should give us a signal to collect profits. however another bounce seems highly unlikely as it is losing momentum . usdjpy             gave a buy signal to me and eurusd             gave a sell signal. the two give correlative evidence to suggest this trade.

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*right angled broadening pattern. (not triangle)
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HiLowGo
2 years ago
Noice
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adityachhabra9999 HiLowGo
2 years ago
noice as in nice ?
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bearish shooting star spotted on 1h timeframe. intraday correction expected to end soon.
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