NZDUSD Is A Sell: ABC Likely

2022年5月24日

This suggests that NZDUSD will continue further down. A difficult pattern to trade, ABC patterns tend to fool everyone,
bulls and bears by having two strong moves though choppy in themselves interjected by a counter move in the middle.
ABC are counter trend moves to blow off overbought or oversold conditions before resuming the larger trend, in this
case it is down.

2022年5月24日

註釋

Somehow the NZD is showing strength. It already blew past the sell signal on the 4hr and now it is on a buy signal in the 4hr.

2022年5月25日

註釋

There is the next sell signal. Daily looks to turn over. The hypothesis stays the same: this likely sees new lows.

2022年5月27日

註釋

Well not all signals can be profitable that is why we have stops.