Channel Still Intact – Bears in Control

3일 전

NZDUSD Looking at the chart, price is locked inside a textbook descending channel — clean lower highs, lower lows, and clear respect for both boundaries.

Right now, price is retesting the upper edge of that channel. Historically, sellers have defended this zone multiple times, and the structure hints we may see another rejection here.

If that happens, the short setup is straightforward: target the lower boundary near 0.577XX.
The trend remains bearish, and in channels like this, going with the flow beats fighting it.

Until bulls break this channel convincingly, the bears are in control.

Do you see it the same way? Drop your thoughts below
Not financial advice — just sharing my chart view. Trade safe!

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