Wave-Trader
Short

NZDUSD This pair is forming same pattern again

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
1701 5 63
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
Comment: This pair has lots of potential i hope this gonna continue to fall donside this time. If price do not continue this time we will be sell again upon reversal. Here is the potential.
snapshot
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Great setup and pattern. Thank you for the post.
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Wave-Trader TOP 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 TOP senejani.ali
@senejani.ali, ya when price was over the yellows line in last idea.
+1 Reply
senejani.ali PRO Wave-Trader
@Wave-Trader, The trade is in profit of about 160pips. Thanks mate for the setup. I will look for another continuation pattern if any.
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