NZDUSD Short
We could see that this pair is on consolidation as of now, I am expecting this pair to test the resistance level above, but we could see a potential breakout to the upside too.
However, we have a good opportunity once the market reached the level of resistance above, as we have created a downtrend after breaking the previous trend line. If the market does give us a good entry reason, I see this as a great opportunity to sell this pair.
We could see the market bounce from the resistance level above to the support level below, in fact, I think that there is a high chance that we could see a breakout to the downside.
Reminder to you guys not to take this trade blindly. Always rely on your own analysis.
Leave your thoughts about this pair down in the comments!
However, we have a good opportunity once the market reached the level of resistance above, as we have created a downtrend after breaking the previous trend line. If the market does give us a good entry reason, I see this as a great opportunity to sell this pair.
We could see the market bounce from the resistance level above to the support level below, in fact, I think that there is a high chance that we could see a breakout to the downside.
Reminder to you guys not to take this trade blindly. Always rely on your own analysis.
Leave your thoughts about this pair down in the comments!
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