Hi fellows. I am look for short term buy on NZDUSD. This pair is extremely oversold on higher time frames. On 15 minute time frame we have impulse and falling wedge formation which is trend continuation pattern formation. I am looking for next impulse up 27 Percent of FIB lines. Look for buy close to 786 of your fib lines. In case price breakdown the impulse then price will change the pattern formation. This trade setup is counter trend trade setup which is against the daily trend and short term trend is up on lower time frame so use reasonable risk. Good Luck fellows.
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Pattern trend line broken.
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Price is about to hit the target. But it is rising sharply more upside possible fellows. Good Luck
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Here is the update fellows.
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Watching bottom for price action
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forexyoga
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Thanks mate for the setup, I'm in to ride it.
ThayalanBalakrishnan
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Nice Move...
Wave-Trader
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@ThayalanBalakrishnanVainglorio, Yup indeed it is nice move. We still have room to the upside any continuation formation gonna give us another chance to buy cheers mate and good luck.
ThayalanBalakrishnan
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@Wave-Trader, thank you sir...sure will keep an eye on this....you are legend
Wave-Trader
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@ThayalanBalakrishnanVainglorio, cheers mate
chami2703
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Waiting for Fib 0.618, 0.5 level correction to enter.
Wave-Trader
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@chami2703, Amazing chart mate. Yup agree at least 15 minute retracement is required before another sell setup good Luck mate
chami2703
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for me it seems like already formed a reversal . Isn't it Wave-Trader?
Wave-Trader
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@chami2703, Yes you are correct it has already completed the pattern formation and likely gonna keep rising lets see mate