In the NZD/USD chart at the 1-hour time frame, I can sense a real quick headshot trade.
At 0.69224, the market formed an impulse and brought the trend to the whole way down.
After that action, it executed a perfect downtrend channel correction (shown in the graph).
Due to the unwanted fluctuations, the impulse and correction formed rapidly.
At 0.68424, the chart printed a potential impulse and set a path for a breakout (shown in the graph).
Then, the signals traveled as a sharp slider. (evenly)
Ultimately, it landed at the point 0.69033 and forms a mirror image of the previous pattern.
Although I m expecting a nice throwback from the previous support (shown in the graph).
It may run sharply to the down and have a throwback to the top.
In case the signals moved sharply towards down means, end the trade at 0.68720.
Wait for the move and decide your trade.
SIGNAL SPECIFICATION:Pair: NZD/USDOrder: BUYPending Entry: 0.68828Take profit: 0.69060Stop loss: 0.68720Risk Vs Reward: 2.18
NZDUSD:SUPPORT THROWS SHORT TRADE-THROWBACK.