Nzd / Usd is still looking for sell opportunities.
after this analysis is running
s3.tradingview.com/b/bwB2OjT2_mid.png
This pair seems to form a compression pattern, there are 2 points of view at this point that I find.
1. when the price is bumped by the blue line R (resistance) as a key level, then falls deep enough, the price will try to retrace back towards the blue trendline and then back down.
2. With the price being compressed, there is a high probability that it will compress at some point following the red line and come back down.
then what should be done? when is the best transaction that can be done?
we can sell when the price approaches the R area or touches the red upper line.
after this analysis is running
s3.tradingview.com/b/bwB2OjT2_mid.png
This pair seems to form a compression pattern, there are 2 points of view at this point that I find.
1. when the price is bumped by the blue line R (resistance) as a key level, then falls deep enough, the price will try to retrace back towards the blue trendline and then back down.
2. With the price being compressed, there is a high probability that it will compress at some point following the red line and come back down.
then what should be done? when is the best transaction that can be done?
we can sell when the price approaches the R area or touches the red upper line.