NZDUSD - Falling from Top of 4-Month Falling Channel
As NZDUSD reached the top of a 4-month falling channel, an HnS formation was formed yesterday, successfully brought the price down by 76 pips.
There are enough signs of reversal since the price has broken below a rising trendline which brought it to the top of the falling channel.
Reversal has begun to take place and all's left is to wait for the price to retrace into the supply zone around 0.658 to short.
There are enough signs of reversal since the price has broken below a rising trendline which brought it to the top of the falling channel.
Reversal has begun to take place and all's left is to wait for the price to retrace into the supply zone around 0.658 to short.
