nzdusd h4 short rips/rallies target is 6000

🔸Hello guys, this is 4 hour chart for nzdusd. Previously coming out of a strong downtrend
but right now distribution in progress, bear flag setup. Heavy rejection from overhead
resistance at 6340, and right now all rips/rallies get sold

🔸Risk/reward is shifting in bears favor as the pattern is nearing it's completion.
Expecting all rips/rallies to get sold in nzdusd, therefore I recommend to focus
on short selling near market price. Bears will be targeting re-test of 0.6000

🔸Recommended strategy bears: look to execute shorts if we get rips/rallies, alternatively
short sell near market price. Expecting a breakdown of bear flag, initial target is 6000\
and final tp bears is 5800. risk/reward shifting in bears favor after heavy rejection overhead.

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Commento:

gbpjpy 8h risk/reward shifting in bears favor soon