NZDUSD may trade with in boarders and eventually the divergence shows it will be bearish soon.
the Resistance level is at 595.00 confirmed from the rejection at 03-12-2012,
the 100 MA is acting as a support level for the market, confirmed by yesterday bounce. While the #UO go bullish divergence.
Bullish Butterfly Bullish Divergence confirmed by MACD and UO Over Sold Ultimate Oscillator pfxalert.blogspot.com
Bearish Butterfly Bearish Divergence in ultimate oscillator Resistance level
The Rectangle is broken and we have buying opportunity sorry but entry point is @ 1.6300 to 1.6330 .. I forget to adjust in above pattern and I don't know how to edit.
Round Bottom Reversal Pattern always shown in long term charts and it takes year to be formed, as we can see the pattern start formation since June 2009 and now after 4 years and 5 months it finally broke the resistance level, it may or may not test the resistance level as a support, it will be clear in the coming weeks. Learning about patterns please...
Short Signals 1) Bearish Bat 2) Supply zone 3) Bearish Divergence
the formation is almost done, we just have to wait a bit more for the breakdown from the neckline.. my mistake about long guys.. sorry about that..
the price is going high while momentum in UO is decreasing which formed a Bearish Divergence, chart is also forming a Bearish Gartley, I'll go short for coming week. First profit Target: 1.0395 Second Profit Target: 1.0300 _______________ after 60+ green pips SL Triggered..