NZDUSD: Bullish Rotation (60M) Or Complex Pullback?
Analysis on chart!
This pair has been very Bearish so naturally you would want to look for Short opportunities unless you are a Counter Trend trader! Price recently broke structure to the upside putting in a higher high higher close and is now putting in an outside return back into structure! In this zone there is numerous fibs and harmonic leg completion! This may be an area to look for Longs depending on how price reacts here and if you get an entry signal thats in your plan!
On the other side of the market, this could be a complex pullback into structure where we may see more bearish action back down to re test previous lows @ 0.6350?
I will be looking at price action closely once markets open to see if we get any reactions at the above mentioned level!
Hit that like button, share and comment away I would love to hear your feedback!
Ric
This pair has been very Bearish so naturally you would want to look for Short opportunities unless you are a Counter Trend trader! Price recently broke structure to the upside putting in a higher high higher close and is now putting in an outside return back into structure! In this zone there is numerous fibs and harmonic leg completion! This may be an area to look for Longs depending on how price reacts here and if you get an entry signal thats in your plan!
On the other side of the market, this could be a complex pullback into structure where we may see more bearish action back down to re test previous lows @ 0.6350?
I will be looking at price action closely once markets open to see if we get any reactions at the above mentioned level!
Hit that like button, share and comment away I would love to hear your feedback!
Ric
