NZDUSD POTENTIAL LONG (JUST SEEING THIS) 1D CHART
NZDUSD POTENTIAL LONG
OKAY SO I HAD A NZDUSD POTENTIAL SHORT POST THAT I POSTED ABOUT A WEEK AGO. THAT TRADE WAS NEVER ACTIVATED DUE TO THE FACT PRICE ENDED UP MAKING A IMPULSE MOVE OR POWER MOVE RATHER THAN A PULLBACK. AFTER LOOKING AT THE CHART IT SHOWED ME THAT IT HAD ACTUALLY BROKEN PREVIOUS HIGH IN THE MARKET AFTER A HIGHER LOW WAS FORMED AND CONTINUED TO THE UPSIDE. AFTER SEEING THIS IT HAD INDICATED TO ME THAT THIS COULD BE A GOOD POSSIBLE LONG OPPORTUNITY WITH DECENT RISK/REWARD. KEEP AN EYE OUT ON PRICE ACTION AND WATCH AND SEE HOW BUYERS REACT AT THIS POINT IN TIME OF STRUCTURE. IF WE DO GET A DEEPER PULLBACK THEN LOOK AT THE .66500 AREA, NZDUSD ON THIS UP MOVE HAS HAD DEEPER PULLBACKS. KEEP AN EYE ON THIS PAIR AND LOOK FOR THE RIGHT BUYER MOMENTUM NEEDED THAT MAKES IT CLEAR THEY ARE VERY INTERESTED IN BUYING THIS PAIR. ONCE WE SEE THAT THEN LOOK FOR GOOD RISK/REWARD RATIO FOR POTENTIAL TRADE SETUP. LETS KEEP AN EYE OUT AND SEE HOW THIS GOES FROM HERE !
CHEERS! PLEASE LIKE AND FOLLOW MY PAGE FOR MORE ANALYSIS AND SETUPS!
OKAY SO I HAD A NZDUSD POTENTIAL SHORT POST THAT I POSTED ABOUT A WEEK AGO. THAT TRADE WAS NEVER ACTIVATED DUE TO THE FACT PRICE ENDED UP MAKING A IMPULSE MOVE OR POWER MOVE RATHER THAN A PULLBACK. AFTER LOOKING AT THE CHART IT SHOWED ME THAT IT HAD ACTUALLY BROKEN PREVIOUS HIGH IN THE MARKET AFTER A HIGHER LOW WAS FORMED AND CONTINUED TO THE UPSIDE. AFTER SEEING THIS IT HAD INDICATED TO ME THAT THIS COULD BE A GOOD POSSIBLE LONG OPPORTUNITY WITH DECENT RISK/REWARD. KEEP AN EYE OUT ON PRICE ACTION AND WATCH AND SEE HOW BUYERS REACT AT THIS POINT IN TIME OF STRUCTURE. IF WE DO GET A DEEPER PULLBACK THEN LOOK AT THE .66500 AREA, NZDUSD ON THIS UP MOVE HAS HAD DEEPER PULLBACKS. KEEP AN EYE ON THIS PAIR AND LOOK FOR THE RIGHT BUYER MOMENTUM NEEDED THAT MAKES IT CLEAR THEY ARE VERY INTERESTED IN BUYING THIS PAIR. ONCE WE SEE THAT THEN LOOK FOR GOOD RISK/REWARD RATIO FOR POTENTIAL TRADE SETUP. LETS KEEP AN EYE OUT AND SEE HOW THIS GOES FROM HERE !
CHEERS! PLEASE LIKE AND FOLLOW MY PAGE FOR MORE ANALYSIS AND SETUPS!
Comment:
NZDUSD pulling back now, let's watch and see if a bottom forms for a possible long opportunity if we see fit. Remember always let the market tell you what it wants to do, not vise versa
Order cancelled:
NZDUSD NEVER SHOWED OPPORTUNITY FOR A POTENTIAL LONG. ON TO THE NEXT ONE