RaynLim

Capitalizing on the Bearish Trend

Short
FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar

  • The entirety of the NZDUSD landscape is signalling a potential shorting opportunity.

Technical Insights:

  • The volatility trendline, once a counter-trend reference, has been breached and closed below. Now, we await a retest of this trendline as an entry point for a shorting opportunity.

Extended Target:

  • For those inclined, extending the target to the completion of the Bullish Bat Pattern on the Weekly Chart at 0.5626 could be a strategic move.

Always employ your own risk management strategies and validate with your analysis. What's your perspective on NZDUSD? Share your thoughts below.

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