NZDUSD SHORT
we can see price has broken the 4h trend line and the minor support with a big bearish momentum candle and has respected the 4h key support and will probably make a correction to retest the previous broken support
so what do we see?
waiting for price to make a LL to enter a short with big bear candle
we can also lay out our fib levels to see where that correction can come to
so what do we see?
- broken trendline and structure
- Big bear momentum THE SELLERS ARE HERE
- area of confluences price has respected the previous broken trend line and resistance creating a double top M formation
- the HH levels on the way up to retest also shows bearish divergence
waiting for price to make a LL to enter a short with big bear candle
we can also lay out our fib levels to see where that correction can come to
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