Wave-Trader
Short

NZDUSD This pair is forming same pattern again

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
1102 4 43
Hi fellows, This pair is forming again the same pattern formation which we have seen in past. In past we sold under the trend line of flat channel. Currently we have the same pattern formation so look for sell under the trend line of ascending broadening wedge . In case price break up and extend the price ranges then this pair will remain bearish because it is rising correctively. Any strong breakup will give us the signal that price is not going to fall if this happens which i am not anticipating then we will look for trend continuation pattern formation for upside.
Comment: Watch bottom trend line
Great setup and pattern. Thank you for the post.
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Wave-Trader PRO senejani.ali
@senejani.ali, I hope we gonna get the same wave the wave we have seen last time good luck mate and cheers.
+1 Reply
senejani.ali PRO Wave-Trader
@Wave-Trader, Yes buddy. Have you closed your sell trade from your previous setup (around 0.72417)?
Reply
Wave-Trader PRO senejani.ali
@senejani.ali, ya when price was over the yellows line in last idea.
+1 Reply
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