NZDUSD been in dump mode for a while now, and we are getting closer to important support level. we also have a possible AB=CD completion at that level. looking for possible reversal.
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Pattern is now completed, at 1,618 fib extension, and at yearly support. It's Friday and i may wait to next week for entry reason. But look for your own rules of engagement and trade by your rules :)
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Good start! Hope it get better next week :)
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Still looking good with another higher low now on 1H TF.
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Too bad no continuation after the two bullish days, but idea still valid. Be aware NZD news tonight!
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Finally Good NZD numbers and we took of :D
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We still looking good and she gave me the opportunity to add more, SL to BE on second position as soon i see a break of yesterday's high.
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Happy pips for those who managed to take this trade, so far so good!
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As i mention in the weekly overview on my YouTube channel, the retest of the neckline is an important level where we should expect a bounce up. Still looking good and early today i released my short hedge from last week and now left the initial long position only.
Kommentera:
Good daily bullish engulfing, still hold the initial long on this trade.
It's time to start watching this level closely!