NZDUSD has been in a widening wedge pattern and has formed a shooting star candle on the daily timeframe. These are both signs of a reversal. Multiple confluence list:
1. Daily shooting star with 3rd test of trendline
2. Daily RSI overbought with 4 Hr RSI bearish divergence
Entry around 0.66150 with stop above high at 0.66450. TP1 0.65550 TP2 0.64550
This is for educational purposes only. This is in no way intended to be financial advice. I am not a financial advisor.
1. Daily shooting star with 3rd test of trendline
2. Daily RSI overbought with 4 Hr RSI bearish divergence
Entry around 0.66150 with stop above high at 0.66450. TP1 0.65550 TP2 0.64550
This is for educational purposes only. This is in no way intended to be financial advice. I am not a financial advisor.