USDNZD [SHORT] Descending Channel Similar Triangles
Observation
- Upward movement slope SIMILAR from strong uptrend on previous price action.
- Downward movement slope SIMILAR from small downtrend on previous action.
- Each price deflection are in the areas of Shortage and Surplus Zone.
Analysis
Form 2 similar triangles inside the Descending Channel for price prediction.
- Upward movement slope SIMILAR from strong uptrend on previous price action.
- Downward movement slope SIMILAR from small downtrend on previous action.
- Each price deflection are in the areas of Shortage and Surplus Zone.
Analysis
Form 2 similar triangles inside the Descending Channel for price prediction.
Comment:
Price escape downward channel and now change downward trend to playing around support area (blue box).
Once price jumps out of the blue box, it is a good sign of a bullish trend.
Once price jumps out of the blue box, it is a good sign of a bullish trend.
Trade closed manually
Now the market just break out from the channels.