Black FridayFino al 70% in meno
Dollaro neozelandese / Dollaro
Short

NZDUSD More Bearish Development

Di jojofang0901
Aggiornato


Hello everyone:

Also watching out for NZDUSD for the potential downside move.

We can see similar price action here like AUDUSD,
as price had the same bearish impulse down,
and formed into a larger consolidation.

Here on NZDUSD, after the expanding structure was formed,
price also formed a smaller reversal correction at the top.
All good development here for the bearish market to continue.

Price is now at the bottom of the smaller reversal correction,
good idea to wait for price to impulse down, out of the correction,
and form further continuation price action before confirming the sell down

thank you
Nota
price may make another move up
to the top of structure, before reversing
patience here.

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Chart PatternscorrectionFlagimpulseNZDParallel ChannelpatternpriceactionstructureUSDWedge
jojofang0901
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