Eur/Nzd Looks to be in a downtrend on the daily chart. The pattern now is similar to Eur/Gbp and that is somewhat of a falling wedge pattern (See Hour 4)
You Already Know how to trade this pattern. Wait for the breakout of the trade before going long! Sometimes after the breakout you will see a retest on earlier time frames!
The Chart Is Self Explanatory as it seems the Trend Is Forming a Lower Low and Then Will Need A Higher Low!
See Hour 4 On This Pair for Rsi Divergence with the RSI Set To A 9 Period Setting!
If you need more help, google "Falling Wedge Pattern" and learn how to trade it!
You Already Know how to trade this pattern. Wait for the breakout of the trade before going long! Sometimes after the breakout you will see a retest on earlier time frames!
The Chart Is Self Explanatory as it seems the Trend Is Forming a Lower Low and Then Will Need A Higher Low!
See Hour 4 On This Pair for Rsi Divergence with the RSI Set To A 9 Period Setting!
If you need more help, google "Falling Wedge Pattern" and learn how to trade it!
