your trading plan for nzd usd

Updated

hey traders,

I want to share with you my thought about nzdusd pair.
We see a steady bullish movement inside a bullish channel.
As the market approached 0.694 level, we see a formation of a double top pattern and a rejection candle.

Discussing this market sentiment on Friday with my clients, we have sold the violation of local support line of a double top.

Our initial target is above 0.687 level.

as the market reaches this level of structure,
we will either see a bullish continuation or a bearish violation of a channel.

Bearish violation of this channel will trigger a subsequent selling reaction,
so we will see a bearish continuation to lower levels of structure.

Good luck!

If you have question dont hesitate to text me in pm!

Note

retest of a broken support and bearish continuation

Note

market is entering a decision point

Note

test of support

Note

0.69 level is under pressure

VasilyTrader

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