NZDUSD waiting for the sell setup to form

By TheSignalyst
on DAILY: NZDUSD is sitting around our upper brown rejection trendline and supply zone in green so we will be looking for objective sell setups on lower timeframes.

on H1: NZDUSD is forming a channel in red but it is not valid yet so we are waiting for a third swing to form around our lower red trendline to consider it valid and enter sell on its break downward.

we also have a regular bearish divergence adding more confluence to our setup.
Chart PatternsconfluenceTechnical IndicatorsNZDUSDParallel ChannelresistanceareareversalSupply ZoneTrend Analysis
TheSignalyst
Trading Made Simple; and Rule-Based
RichTL.com

Instagram:
instagram.com/richthesignalyst

Telegram:
t.me/thesignalyst

Best CFD broker
cutt.ly/TickmillReal

Disclaimer