NZDUSD Look to continue bearish price action
Updated
Hi everyone:
Looking for further bearish development on NZDUSD as the USD continue to gain strength.
We can see after the initial bearish impulse down, we see a larger, flag like structure.
Price has been consolidating within, and looks clean for a possible continuation downside align with the higher time frame perspective.
We can see now price is currently at the bottom of the structure, what we want to see is a clean impulse out, follow by lower time frame continuations correction to confirm further downside.
Alternatively, price can still make another move up to the top of the flag structure, and if there is reversal price action at the top, still look for sell if it confirms.
Thank you
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Note
Higher time frame:Note
Are you in the sell of the USD strength ? Note
Result:
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