Taking Points
– Technical Strategy: Long@.8380
– Trendline Broken On Daily Chart
– Price traded in corrective channel for wave c of b.
– Candlestick Pattern: Morning Star
The trade on Nzd-Usd is still valid, as it’s hold .8300 level. This is just correction on wave b, price traded in corrective channel and expected bounce from current level. 8300 is...
We are very right side of the market, pair broken down the bearish channel. In idea case, stop loss can be moved up bit, but we are not changing our initial plan and stick to 8300 stop loss level, and same for target.
Intraday Analysis Overview
Taking Points
- Technical Strategy: Long@.8380
- Trendline Broken On Daily Chart
- Candlestick Pattern: Morning StarTrend is down, but chart showing possible pullback, and this is considerable counter-trend.
On elliottwave, we are able to count five waves down on NZDUSD and considerable we will be in wave 2 / wave B. Price brokendown...
