Long

NZDUSD Look for Sell Setup

Updated

The picture above is a forecast for the London/New York session at 14 GMT.

We can see a HTF daily Descending channel with a HTF double bottom.

Latest price action formed multiple impulse and correction and now were in a larger LTF corrective phase.

We can spot a LTF double bottom as well as latest price action like W-style pattern

And now I'm desperately waiting for breakout for entry, sL and Tp set

Trade active

For those watching this pair im sorry for the visual, it's not clear, however I will be posting more and it will be a lot clearier. From yesterday update to today, Ive changed a bit of my setup, I am no longer looking at taking a trade from the breakout, now im looking to see if I can enter with a smaller continuation

Note

Note

WERE NOT LOOKIN FOR SELL SETUPS, LOOKING FOR BUY SETUP MB

Note

Forecast was adjusted as news came in for CPI and cause volatility. News does not cause the overall market direction, it causes volatiilty which is why its best to stay out

Note

tradingview.com/x/2vpq4mEp/.

Waiting for next week to see if price pushes high above swing high or corrects a bit more to push higher and complete right shoulder

Note

Its been a week now, my bias hasn't changed yet, im still bullish here,.

Waiting for more price movement this week especially for tomorrow news

Note

Price formed the smaller correction I was oringally looking for and took the chance to capture some profit for a 3%

Note

Price this week evolved to a bigger expanding structure/ looking for a bullish impulse/corrective push above the structure to enter position

acefxking

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.