Get started
New Zealand Dollar / U.S. Dollar
Short

NZDUSD More Bearish Development

By jojofang0901
Updated


Hello everyone:

Also watching out for NZDUSD for the potential downside move.

We can see similar price action here like AUDUSD,
as price had the same bearish impulse down,
and formed into a larger consolidation.

Here on NZDUSD, after the expanding structure was formed,
price also formed a smaller reversal correction at the top.
All good development here for the bearish market to continue.

Price is now at the bottom of the smaller reversal correction,
good idea to wait for price to impulse down, out of the correction,
and form further continuation price action before confirming the sell down

thank you
Comment
price may make another move up
to the top of structure, before reversing
patience here.

snapshot
Comment
snapshot
Comment
snapshot
Comment
snapshot
Comment
snapshot
Chart PatternscorrectionFlagimpulseNZDParallel ChannelpatternpriceactionstructureUSDWedge
jojofang0901

Related publications

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.