A Potential Sell-Off Ahead in NZDUSD
NZDUSD Multi-timeframe analysis (MTFA)
I shall be using sharing my ideas from a supply and demand approach.
From the monthly TF, we see a box pattern forming up and currently trending down within the box.
Weekly TF shows the recent downtrend more clearly
From the H4, i see a likely trend back into the resistance to take out the last high created before we actually see a selloff.
I shall be using sharing my ideas from a supply and demand approach.
From the monthly TF, we see a box pattern forming up and currently trending down within the box.
Weekly TF shows the recent downtrend more clearly
From the H4, i see a likely trend back into the resistance to take out the last high created before we actually see a selloff.
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.