Intraday down daily up.
NZDUSD got a nice impulse up but we are currently finding pressure at 61.8% zone.
I see a C to D move on the intraday hourly frames or a continuation to .6450 and getting denied again.
A pullback from C to D around .6325 would be a nice setup to go long if the opportunity shows itself at point C.
A fav. pattern of mine is the ABCD with an ABCD correction inside it ..this lines up BOTH BC and CD positions in a bullish market giving it a lot of momentum usually thereafter.
I am NOT in this trade right now because I have enough trades in as it is but have an alarm set around .6326
Keep in mind we broke the 1HR and 4HR but have to make a DAILY pullback and this can take us as far down as .6190 - .6200
This would be the best buy opportunity price zone if we do not find support around .6320 for a rise to the top of the previous 4hr high.
As always. Trade safe. Manage risk. Like. Comment. Share your thoughts. Much love everyone.
I see a C to D move on the intraday hourly frames or a continuation to .6450 and getting denied again.
A pullback from C to D around .6325 would be a nice setup to go long if the opportunity shows itself at point C.
A fav. pattern of mine is the ABCD with an ABCD correction inside it ..this lines up BOTH BC and CD positions in a bullish market giving it a lot of momentum usually thereafter.
I am NOT in this trade right now because I have enough trades in as it is but have an alarm set around .6326
Keep in mind we broke the 1HR and 4HR but have to make a DAILY pullback and this can take us as far down as .6190 - .6200
This would be the best buy opportunity price zone if we do not find support around .6320 for a rise to the top of the previous 4hr high.
As always. Trade safe. Manage risk. Like. Comment. Share your thoughts. Much love everyone.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.