INotFancy

Buy-setup on 1H 28-08-17

Lång
OANDA:NZDUSD   Nyzeeländsk dollar/USA-dollar
NZDUSD So, I noticed a flag forming on the 1H chart, which I took. If you look at a 4H or daily timeframe you can see that we are in a bigger downtrend, a trend that need to be corrected. I think the bigger correction is in the making now, this is why a buy-setup right now might be a good idea, since it can probably move up for a while.
Right now it looks like an irregular flat is forming, and that we're in a C-wave, which means that the C-wave will break the top before it turns and moves down again. - which is why a buy-setup is a good idea.

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