Analysis on nzdusd
D1
_ STRUCTURE: Daily range.
_ TENDENCY: Downtrend.
_ SCENARIO: A possible M shape. Retest at 0.7184 for completion of M shape and second entry.
_ SELL => Price action at around 0.7247
_ NOTE... Awaiting signal, 4h or 1h rejection of bearish candle.
_ STRUCTURE: Daily range.
_ TENDENCY: Downtrend.
_ SCENARIO: A possible M shape. Retest at 0.7184 for completion of M shape and second entry.
_ SELL => Price action at around 0.7247
_ NOTE... Awaiting signal, 4h or 1h rejection of bearish candle.
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