NZDUSD D1 + H4
As you can see, in D1 and weekly NZDUSD is in downtrend, so it is a short on this pattern. In H4, the price has touch Fibo 50% for a retrace and the price is consolidated in the box and break out the zone which mean the selling pressure is strong, which show a good entry.
*Always do your own research before placing a trade. The analysis is written depend on analyst own skills & knowledge, difference analyst might have difference opinions.
*Always do your own research before placing a trade. The analysis is written depend on analyst own skills & knowledge, difference analyst might have difference opinions.
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