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RaynLim
Jul 24, 2022 2:43 PM

NZDUSD - Resistance Level Short

New Zealand Dollar/U.S. DollarFXCM

Description

On the daily chart, the NZDUSD has hit its Key Resistance Level; it does have an opportunity for trend traders to jump onto the trade.

On the 4-hourly chart, Point C of the potential Bullish Shark Pattern has a 3-bar reversal formation compared to Point A, and there's an RSI Divergence too. Point C candle didn't break and close above Point A; the above observation allows me to head in for a structural short.
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