NZDUSD CHART UPDATE
Hey everyone,
In our previous analysis price failed to give us the sharp impulse and retest/correction we were expecting after the break but instead price took the break out and rejected back into the patterns. Now we are approving the 3rd touch confirmation of the structure where we need to see patterns only or rejection candle formation.
WHAT ARE WE EXPECTING:
pattern formation(reversal patterns) or candlestick reversal formation.
TRADE BIAS:
BULLISH
HOW DO WE ENTER:
when pattern forms a sharp impulse followed by a retest/correction
SETUP INVALIDATION:
bearish pattern formation
TRADE CRITERIA:
#3 touch confirmation
#3:1
#double bottom and reversal pattern
thanks for reading
AS ALWAYS TRADE SAFE AND STAY SAFE!!
In our previous analysis price failed to give us the sharp impulse and retest/correction we were expecting after the break but instead price took the break out and rejected back into the patterns. Now we are approving the 3rd touch confirmation of the structure where we need to see patterns only or rejection candle formation.
WHAT ARE WE EXPECTING:
pattern formation(reversal patterns) or candlestick reversal formation.
TRADE BIAS:
BULLISH
HOW DO WE ENTER:
when pattern forms a sharp impulse followed by a retest/correction
SETUP INVALIDATION:
bearish pattern formation
TRADE CRITERIA:
#3 touch confirmation
#3:1
#double bottom and reversal pattern
thanks for reading
AS ALWAYS TRADE SAFE AND STAY SAFE!!
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