Opportunity to go long on this pair as it has hit the lower trendline of the megaphone pattern. It could go as high as 1.4775. But im looking at 1.4296. Goodluck
Well the bearish flag pattern seems to have played out and the downtrend continues. Adjusted my targets go at the 127 fibonnaci extension which lines up with previous structural levels( highlighted them, can look back on chart if you wish). There is also potential for further down move
NZDUSD needs to break this current level to get to 127 extension which line up with supports from December 2010 and November 2011. Good place to take profits.
Flag pattern shows possible downtrend continuation. It is also possible this could result in trend reversal if trendline is broken. Any could happen. Just going to watch this
Not sure about this. But it looks promising. Green lines are targets
green lines are targets, stops above 1414 extension
two options. either buy or sell depending on which pattern completes first. Nice risk reward