NZDUSD - Ending Diagonal Structure Short

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Nov 29, 2020 12:53 PM

Price has been developing in a diagonal structure since 13th Nov low and we are expecting price to make a deep pull back from here.

From a higher timeframe perspective, price is current near the top of an expanding diagonal structure too, providing us a huge room to the downside.

Comments

Miracle-Market

⋅ Nov 30, 2020 10:13 AM

0.71111 target 🎯

CptWORLD

⋅ Nov 29, 2020 4:25 PM

but what if its leading and not ending ?

KarYong

⋅ Nov 30, 2020 1:57 AM

@CptWORLD, for more confirmation, can wait for the first impulse down, then execute. If not, then we'll have the stop loss take care of it if the trade is wrong