The NZDUSD is in a down trend on the daily and 240 time frame . It is now in a corrective consolidation which might have one more up move before the down leg starts. I will be selling the break out of the consolidation or fading the next up move. TRADING IS A HIGH RISK BUSINESS SO IF YOU DON'T UNDERSTAND THE CHART OR DON'T HAVE A STRATEGY OF YOU OWN TO TRADE THESE MOVES YOU SHOULD NOT RISK YOUR MONEY.
Comments
anilmangal
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The short term buy on this one is about to trigger ,watch for the break to up side on a lower time frame .
geewilson
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Are you waiting for a close above the trend line on the one hour chart as a signal to buy?
DevonMerancio
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it seems like it broke down instead of up
anilmangal
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it came down but not a break out as yet ,i'll wait for a lower degree correction
anilmangal
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to confirm the down move
taniab
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breaking down?
JamesZhang
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We just have a similar idea with NZD/USD.
anilmangal
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Thank you for sharing
DevonMerancio
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Thank you for bringing this trade to my attention, I made a decent profit based on your charts. Keep up the great work and I look forward to seeing more of your trade set ups in the future