NZDUSD Look for Sell Setup

2021년 5월 12일

Hi everyone:

Few USD pairs had some strong bearish move today, and lets look for possible opportunities on them next few days.

NZDUSD is looking clean for a breakout and continuation price action.
We can see price had the initial strong impulse phase from the previous ascending channel, and it starts to correct into another ascending channel.

Latest price action s on the LTF showed us a mini double tops, "M" structure for reversal and strong bearish push down.

What I want to see from the price is a break below the previous lows, and a LTF continuation correction to form and get into the sell to the previous lows.

IF price can break below that level, then further correction is expected to push the price even lower.

Thank you

2021년 5월 12일

노트

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