NZDUSD At Top of Structure, Look for Sell Setups
Updated
Hello everyone:
Most USD pairs are looking very decent for the next move.
NZDUSD, from the higher time frame perspective, we are seeing a potential double tops, price action forming this large, deeper structure.
Price has been moving correctively within this structure, and we can see now the latest up move could be finishing,
and we can see the next bearish move down from the top of the structure.
Look for breakout from this small ascending channel, and lower time frame correction to enter the sell down to the lows of the larger structure.
Thank you
Most USD pairs are looking very decent for the next move.
NZDUSD, from the higher time frame perspective, we are seeing a potential double tops, price action forming this large, deeper structure.
Price has been moving correctively within this structure, and we can see now the latest up move could be finishing,
and we can see the next bearish move down from the top of the structure.
Look for breakout from this small ascending channel, and lower time frame correction to enter the sell down to the lows of the larger structure.
Thank you
Comment
Comment
Price broke out from the reversal structure from the top, had a bearish move down. Look fro continuation correction to sell.
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