NZDUSD This pair is forming same pattern again

20 Apr 2017

Hi fellows, This pair is forming again the same pattern formation which we have seen in past. In past we sold under the trend line of flat channel. Currently we have the same pattern formation so look for sell under the trend line of ascending broadening wedge. In case price break up and extend the price ranges then this pair will remain bearish because it is rising correctively. Any strong breakup will give us the signal that price is not going to fall if this happens which i am not anticipating then we will look for trend continuation pattern formation for upside.

25 Apr 2017

Nota

Watch bottom trend line

26 Apr 2017

Nota

This pair has lots of potential i hope this gonna continue to fall donside this time. If price do not continue this time we will be sell again upon reversal. Here is the potential.