Hi guys,
here on NZDUSD we have broken to the upside the last important structure level, the next one is far away and in cases like this we want to hop on the trend to ride price till the next level.
Usually when we have no structure looking left, price goes very fast, and we have to watch even lower timeframe like 15m and 5m.
In 15m we have a nice Bat formation completing at 0,71374 with the major trend.
Stops as above, target at .382 and .618 of AD.
Let's see.
See you in the next chart!
here on NZDUSD we have broken to the upside the last important structure level, the next one is far away and in cases like this we want to hop on the trend to ride price till the next level.
Usually when we have no structure looking left, price goes very fast, and we have to watch even lower timeframe like 15m and 5m.
In 15m we have a nice Bat formation completing at 0,71374 with the major trend.
Stops as above, target at .382 and .618 of AD.
Let's see.
See you in the next chart!