A quick brief on NZDUSD..
Looking at the daily and weekly chart we’ve seen bulls take control week on week. Big pushes to high side creating new highs.
In the zones highlighted you will see the resistance zone(s) created. We have failed to see the price create higher highs other than the singular breakthrough and then retrace. H&S formed.
We are due a sell off here and with recent reports this could come sooner rather than later.
My highlighted zone sell is an entry once we see resistance zone broke and only once it’s broke. Key support and numerous tests. Price could be ready for the drop.
As long as we stay below resistance and our trend line breaks we should be good to go.
I have two take profits set here to catch the momentum.
JW
Looking at the daily and weekly chart we’ve seen bulls take control week on week. Big pushes to high side creating new highs.
In the zones highlighted you will see the resistance zone(s) created. We have failed to see the price create higher highs other than the singular breakthrough and then retrace. H&S formed.
We are due a sell off here and with recent reports this could come sooner rather than later.
My highlighted zone sell is an entry once we see resistance zone broke and only once it’s broke. Key support and numerous tests. Price could be ready for the drop.
As long as we stay below resistance and our trend line breaks we should be good to go.
I have two take profits set here to catch the momentum.
JW
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.