NZDUSD Expanding structure for reversal opportunities
Hello traders:
Welcome to 2021 :)
Hope all is well, and are ready to make it count in this year.
I will start off with some USD pairs that could shape into good R:R trades if we have the confirmation on the lower time frames.
Here in NZDUSD, finally see a potential structure completion at the top of the overall price action.
We have this expanding structure formed, and price reacted to the top, and a quick LTF pushed down.
I would either wait for a small LTF correction to form and complete, or one last push back to the tops to form a mini double tops, "M" style reversal structure for the drop.
Thank you
Note
HTF:Note
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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.