NZDUSD - 2 Possible Paths

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
44 0 3
The previous double top didn't pan out, depending on how you trade them. So now we have at least two potential path options at this point.

1. We've been following upwards with more movement after each flag/triangle pattern breaking, if it happens again we'll BUY.
2. If the current formation (which just broke slightly through the top trend line ) turns into a double top or some other sort of reversal pattern, we'll wait a bit and then SELL.

Of course something entirely different can formulate and then we'll re-analyze.
Comment: Well we broke through the top trend line but didn't get the consolidation we were looking for. So far looks like it is turning into possibility #2. Will be ready for a sell upon completed confirmation.

Comment: Target 1 reached, stop loss at BE.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out