This thread will be dedicated to eh NZD/USD
This thread will be dedicated to eh NZD/USD
CCP (02-16-2011)
Daily time frame is breaking bearish from moving sideways in its trading range. The UTP Teaches us the consolidation break outs are usually the distance of the overall side ways movement. We should look to short bearish candlestick formations and look to sell C's on its way to the D's as the market is breaking bearish.
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CCP (02-22-2011)
The NZD/USD daily time frame is breaking the up trend line and is starting to enter into the sell zone. If the market does not bounce bullish now we could be looking at a major bearish reversal. 4 Hour time frame is breaking out of consolidation bearish. We should look to trade the down ABCD swing from the break out bearish.
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The NZD/USD daily time frame is breaking the up trend line and is starting to enter into the sell zone. If the market does not bounce bullish now we could be looking at a major bearish reversal. 4 Hour time frame is breaking out of consolidation bearish. We should look to trade the down ABCD swing from the break out bearish.
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The NZD/USD daily time frame has broken through a long-term uptrendline and is currently making lower highs and lower lows. Our 4 hour and 2 hour time frames have prices making lower highs and lower lows though in the short-term prices are holding above a counter trendline. Breaking this counter trendline implies the bearish trend is resuming. Otherwise, we look for resistance at the inner downtrendline initially for a move lower.