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Siya_Ngema
Sep 15, 2021 4:05 AM

CONTINUATION PATTERN ON NZDUSUD. Long

NZD/USDOANDA

Description

Hello traders.

As we can see market has been moving to the upside since August, so if we're in an uptrend we should look for buys based on trading with direction of the trend.
Market can push lower but as it stands right now we have a complete pattern.(Regular flat)
So in order to start placing buy positions we should look for a flag/pullback that confirms that price will start going up.

See comments for more updates.
Trade with care.
Comments
Siya_Ngema

So as we can see market slightly moved to the upside, however there is a possibility of another pattern developing. If we have a running flat that's developing then we'll get a move to the downside. So if you're interested in a sell you can wait for a pullback as market broke then you'll sell.
Siya_Ngema
In order for me to buy, I'd like to see a flag as illustrated in the picture below
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