NZDUSD - Bearish Control Soon!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈NZDUSD has been hovering within a big range between $0.55 support and $0.59 resistance.

Currently, NZDUSD is retesting the upper bound of the wedge marked in blue.

Moreover, the $0.59 is a strong daily resistance zone.

🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and green resistance.

📚 As per my trading style:
As #NZDUSD is hovering around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.