watching for a solid break (NZDUSD)
Updated
In this analysis, there is a break of htf (4h) falling wedge reversal pattern followed by a forming Head and shoulder pattern.
to ride the trend.
HOW DO WE ENTER:
On a break of trendline with a perfect retest/correction on trendline to ride the next impulse
SETUP INVALIDATION?
Formation of bearish patterns
TRADE CRITERIA:
Risk and Reduce entry
3:1rr
Inverse Hns formation
Falling wedge reversal
Thanks for reading
AS ALWAYS TRADE SAFE AND STAY SAFE!!!
to ride the trend.
HOW DO WE ENTER:
On a break of trendline with a perfect retest/correction on trendline to ride the next impulse
SETUP INVALIDATION?
Formation of bearish patterns
TRADE CRITERIA:
Risk and Reduce entry
3:1rr
Inverse Hns formation
Falling wedge reversal
Thanks for reading
AS ALWAYS TRADE SAFE AND STAY SAFE!!!
Note
we didn't get in on this (we are saved) because price didn't give us what we were expecting which is a sharp bullish impulse you followed by a retest/correction but instead price broke-out and reversed back into the pattern. I'M STILL OVERALL BULLISH ON THIS, i'm watching out for the 3rd touch let's see what the third touch brings
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