I could copy paste my description from EURUSD , AUDUSD post but that that would be spamming :) See below my posts and follow the same concept in this market :)
Price as expected pulled back and retested the upper parallel of the median line and the broken uptrend. For those who are not in with a sell position on this you should wait for a breakout below correction and sell NZDUSD. Watch my new idea to have an idea
hi there...first time i saw this pitchfork i said to myself : ok! thats gonna be easy.. price is decreasing towards the median line.. but you analyzed that it would have correction to the upper line of pitchfork .. on what facts your analysis was based? thank you
@amirtiny, Well I was right that i was expecting the correction. It happened.! This trade was never triggered after the correction. We need certain structure around the parallels in order to get involved. As how i was expecting this correction, it's quite difficult to explain you in a comment. It how price action unfolds..!
@Fxprotrader, what do mean of certain structure? i know that everyone has its own setup but what is your certain structure?is it reversal candles? rsi trendline breakout? rsi decreasing below 70? thanks in advance.