NZD\USD
With price rejecting resistance levels, the break out of channel confirming that the Bulls lost strength. I will look for a re-test of the previous Highs, once I have an entry signal I will enter Short in the market with excellent Risk/Reward. Look for Targets 0.734 and 0.731 area. RSI showing Bullish Divergence, price can retrace but expect a change of trend to the down-side because on 4HR the Market is at Highs of the Main channel.
Note
Ma5rket went 40 pips away from reaching SellZone, before making its way SouthTrade closed manually
Market went 40 pips away from reaching SellZone, before making its way South
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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.