NZD/USD Waiting for the Breakout by ThinkingAntsOk
🔸 4H CHART EXPLANATION:
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🔸 Price bounced at the Descending Trendline.
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🔸 Now, it is facing the Support Zone.
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🔸 If the Support Zone is broken to the Downside, then there is potential for a bearish move towards the Ascending Trendline.
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🔸 Will look for a lower timeframe bearish setup if the zone is broken.
🔸 DAILY CHART ANALYSIS:
.
🔸 Price bounced at the Descending Trendline.
.
🔸 Now, it is facing the Support Zone.
.
🔸 If the Support Zone is broken to the Downside, then there is potential for a bearish move towards the Ascending Trendline.
.
🔸 Will look for a lower timeframe bearish setup if the zone is broken.
🔸 DAILY CHART ANALYSIS:
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