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NZDUSD Broke out from structure, look for correction to sell
New Zealand Dollar / U.S. Dollar
Short
NZDUSD Broke out from structure, look for correction to sell
By jojofang0901
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Updated
Sep 17, 2020
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Sep 17, 2020
Hello traders:
Looking at NZDUSD for further downside opportunities.
We see price was at the top of the HTF channel, and had a LTF impulse down from the top.
Then, we see price begin to form this ascending type of channel structure, correcting the price up.
Latest price action shows a strong impulse out of that correction. Good sign the bearish momentum can continue.
I would wait for a LTF continuation here, to get in the short sell down to the lows.
Thank you
Sep 17, 2020
Comment
Chart Patterns
FLAG
Parallel Channel
pattern
priceaction
structure
Wedge
jojofang0901
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