Alright so nzd is making a consistent pattern within the market.
And I want yal to learn this easy market moving as it happens more times than not. I don’t really recall it not working but either way that’s not the issue. We use patterns as a guide .
So these two common patterns I’d noticed and I hadn’t really seen anyone talk about them but they are just like m and w.
They have four pivot points three swings vertically in nature not diagonal like trends.
The bullish one is like stairs the bearish is like a seat. The second to third pivot is the range The most important part. Now so with this pair we see the chair. Price drops move sideways and drops now what’s valuable here is what happens next and why. So after the move is complete the market will pull back up to the range part of the pattern as a retest. And to weaken the confidence in traders make them question themself. Those that sold. Don’t Trust yourself if your wrong learn from it but don’t question yourself and if you do you just lost your edge.. your only true edge is yourself. The market is mostly psychological..
Now we can always confirms such movement by looking at price action we look to the left and compare the retest as it should be weaker in volume in its waves and its ability to use the mwvap without many failures. To lose is to lose yourself in the markets money can be gained one trade can change that
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