In the Reserve Bank of New Zealand intervened to devalue the Kiwi because it had appreciated so much. It is the 10th most traded currency in the world. If you want to follow my trading live tweet and news from market Click here click here for live trading tweet click here for news from market. Found nice pattern to complete at 0. Thing with butterflys is that they complete pass the x point which demands new rule for stoploss.
If price gets there gives us also new structure high which tunes this pair bullish. Targets are shown on the chart. Market is slow in nature and be patient! The trend is still bearish, but potentially we expect a corrective movement bullish above 0. If you think this analysis can be useful, leave a your comment or your LIKE! Thank you for support and trade with care! Entry, SL and TPs on daily chart. I'm trying to make up a bit of education on my strategy as some traders asked me about.
Momentum is decreasing so we could interpret this as slowdown of bearish PA. Here we see with the I am going long for the Asian session based on Bank demand level at. Have stop loss set just under bank demand. Plus we can also see with the bollinger band 50 periods that it is currently at Cypher Pattern Risk Ratio: Currency pair - NZD. USD Chart timeframe - 4hr Area of interest -. NZD is strong today, we believe that will go long on support. Looking for Impulse up!
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