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LewisGlasgow
Feb 13, 2017 10:29 AM

NZD/USD - Price Structure Short

New Zealand Dollar/U.S. DollarFXCM

Description

Hello traders, following up from my previous post on NZD/USD with a three drives pattern (shown below). I would like to highlight the price structure on the daily chart which further validates the move lower!



If you check out my updates on the idea above I have explained the best areas to jump in on this long term move.

We may encounter a bounce off the trendline around 0.70000.

I'm still holding my position from last week with my stop loss in profit.

Safe trading everyone :)
Comments
Almnsouri
good job man
LewisGlasgow
@Almnsouri, appreciate it mate :)
JovanVeskovic
Good job !
LewisGlasgow
@JovanVeskovic, thank you!
Shloydo
many thanks for this Lewis, almost went long......shook it off and recharted after seeing this and went short = profit
LewisGlasgow
@lloyddavies64, you're more than welcome Lloyd... That's what I'm talking about!!!
Like2Move
I hope to bounce up to 0.728 and then go Short. Good luck.
LewisGlasgow
@Like2Move, all the best to you too!
saiforex9
great chart man
thanks for sharing
LewisGlasgow
@saiforex9, thanks mate!
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