NZD/USD

This pair has done exactly what was expected on my previous breakdown. From this point we can see on a daily timeframe that the market is getting really over extended and has created an M pattern. After a M pattern we expect the market to make a move to the upside and complete the pattern at the neckline. From a 4h timeframe we can see a buyers market starting to step into play. In this area I will be monitoring this pair on a lower timeframe waiting for a confirmation to take the trade to the upside. If the market should make the break lower to grab liquidity at the lows I will be waiting for the market to shift and give a confirmation before taking the trade to around 0.72520 area. Remember to use a proven profitable strategy before taking any trades. Always use risk management.

Trade active:

Running 30R profit risk free. hope the breakdown helped you guys to capitalize on this pair!

Trade closed: target reached:

This pair has hit our targets on Friday. Don't miss the next breakdown on it.