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.
