Search

NZDUSD - Could this be the end of the 600 pips Uptrend

We have two High Down Volume Waves when price reaches that top.

Could this be a trend change? The answer is: yes it could be getting ready for a direction change, but no entry now.

Before we enter we have to make sure that this is a trend change because buyers might show up at the bottom of that rectangle. We enter short if we break that rectangle ( SI pattern will be nice to confirm) and the upward retracement has no volume or it has too much volume with small pip move - SI patterns could also help out.

Therefore we monitor with patience until the time comes (if it comes)




4 views0 comments