Nzd-Usd Position Strategy

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Intraday Analysis Overview
Taking Points
- Technical Strategy: Long@.8380
- Trendline Broken On Daily Chart
- Candlestick Pattern: Morning StarTrend is down, but chart showing possible pullback, and this is considerable counter-trend.
On elliottwave, we are able to count five waves down on NZDUSD             and considerable we will be in wave 2 / wave B. Price brokendown the bearish trendline with having “Morning Star” pattern on daily chart , which can be quite consider to trade.

- Entered long @ 8380 with stoploss @ 8300 for targets 8500, 8570, 8600
I believe if we take 0.8400 horziontal resistance we might see a nice move higher. GL
EwTrading Technician
Yes Technician, I very much agree on your view.
looks good, thumbs up :)
EwTrading tunaSea
Thanks Tunasea :)
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