Categories: Technical Analysis

Sell double wave corrections in NZDUSD

Pair is still in pretty obvious bearish trend and i think it is best to sell rallies as long as the last swing high around 0.7400 holds. Technically the pair has all reasons to push lower to the 0.7200 – 0.7150 zone. That would mean bearish wave duplication which also coincides with a strong supportive zone and bollinger band duplication. Ideally we want to see the levels mentioned above before looking for buy opportunities.

Technical Analysis:
D1/H4 – potential bearish wave duplication

Entry:
H1 – Wait for double wave corrections and look for a sell. Preferably with hidden bearish divergence to form. Keep in mind that last swing high around 0.7400 must hold for this scenario to be valid.
Target 1: 0.7300
Target 2: 0.7200
Stop Loss: above 0.74

Video Explanation:

Yours,
Vladimir

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.