hey traders,
I want to share with you my thought about nzdusd pair.
We see a steady bullish movement inside a bullish channel.
As the market approached 0.694 level, we see a formation of a double top pattern and a rejection candle.
Discussing this market sentiment on Friday with my clients, we have sold the violation of local support line of a double top.
Our initial target is above 0.687 level.
as the market reaches this level of structure,
we will either see a bullish continuation or a bearish violation of a channel.
Bearish violation of this channel will trigger a subsequent selling reaction,
so we will see a bearish continuation to lower levels of structure.
Good luck!
If you have question dont hesitate to text me in pm!
Comment:
retest of a broken support and bearish continuation
Comment:
market is entering a decision point
Comment:
test of support
Comment:
0.69 level is under pressure
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