In the weekly time frame, NZDUSD is bound to end it's medium term correction lasted over two years and, at some point, a major trend has commenced.
The final target of the next impulse to the downside is firstly the 0.27 extension of the previous downside impulse, then in the 0.5 area. An excellent reward trade for those who can find a sweet spot to enter the sell and keep the trade all the way. If you aren't yet in the sell, please follow our publications and check our last analyses.
Please remember that you can always double check the bigger structures that are at play are on higher time frames by scrolling around the charts of lower timeframes.
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential losses you might need to accept before finding a good trade. Please don’t forget to follow us, if you feel that our analyses and views may be a useful complement to your trading strategies.
Thank you for viewing.
The final target of the next impulse to the downside is firstly the 0.27 extension of the previous downside impulse, then in the 0.5 area. An excellent reward trade for those who can find a sweet spot to enter the sell and keep the trade all the way. If you aren't yet in the sell, please follow our publications and check our last analyses.
Please remember that you can always double check the bigger structures that are at play are on higher time frames by scrolling around the charts of lower timeframes.
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential losses you might need to accept before finding a good trade. Please don’t forget to follow us, if you feel that our analyses and views may be a useful complement to your trading strategies.
Thank you for viewing.
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60 min. time frame potential short opportunity above.