Good evening traders,
The NZD has been on a monster rally over the past month.
Looking across multiple pairs, the NZDCAD and NZDUSD are setting up very similar scenarios.
We can see a nice 5 wave structure higher with a trend line support in play.
We are waiting for a breakdown from the trend line support to enter a short position on the pair, expecting an ABC corrective structure.
Stop losses will need to go above the most recent swing high.
Any thoughts our comments are welcome.
The NZD has been on a monster rally over the past month.
Looking across multiple pairs, the NZDCAD and NZDUSD are setting up very similar scenarios.
We can see a nice 5 wave structure higher with a trend line support in play.
We are waiting for a breakdown from the trend line support to enter a short position on the pair, expecting an ABC corrective structure.
Stop losses will need to go above the most recent swing high.
Any thoughts our comments are welcome.
노트
We have seen a breakdown from the trend line and a lower high has formed suggesting a bearish reversal could be on the cards.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.