NZDUSD More Room To Downside
Updated
Hi everyone:
Similar price action like AUDUSD, we can see NZDUSD is also shaping up for another bearish impulse down.
After price completed the HTF correction structure, we see the bearish reversal impulse phase pushing the the price.
Clearly it has broke out of the correction, and is now consolidating on the lower time frame.
This is good indication for forther downside momentum, when the correction completes, watch for sell entries down to the previous lows.
thank you
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Price is impulsing down, watch for further correction for more downside next week:Comment
Start to see the HTF having a bullish reversal at the bottom
potential double bottoms
bottom of structure
will monitor and observe
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Price continue to consolidatecan still lead to more downside
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