NZDUSD 4H trend pattern analysis
Updated
further confirmation needed before diving in short for NZDUSD
Comment
price near channel resistance level. Reversal bar pattern formed.
Waiting for more price rejection confirmation to decide entry point.
Comment
Price moved outside the channel and is near horizontal resistance.If price couldn't break the horizontal resistance and move inside the channel we could have potential sell trade provided entry signal candlestick pattern is formed.
If price break the horizontal resistance and move higher we could have potential buy trade provided entry signal candlestick pattern is formed.
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