NZDUSD has recently given us the perfect impulse, correct, impulse move, which is probably our favourite pattern to trade.
The market moves in waves. There's an impulse wave, followed by a brief period of consolidation/correction where buyers and sellers accumulate their orders. This is often followed by another impulse wave in the same initial direction as the first impulse.
The great thing about these patterns is that we can have a clear stop placement, which is above the correction. If you have a closer look at this chart, you will be able to notice various impulse waves followed by corrections.
Thank you for sharing that. As a newbie trader this content is very much appreciated and helpful, full of informations to spot this on the charts. Keep posting, thanks!
ALI-572
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Great Bro..... it's really helpful and easy to understand, Keep it up πππβ₯οΈ
WicktatorFX
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@shah572, Thanks my bro
theriyazsaifi
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I don't know about that pattern, What we looking here but or sell. I'm not gonna trade it's for education
ALI-572
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Bro plz make an update on USDPLN ....... as it's making retest after breakout but I'm little bit confused ππ
WicktatorFX
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@shah572, Will do it now and send it to your dm. Keep a look out