TradingView
TopTradingSignals
Jun 25, 2021 9:13 PM

NZD-USD Will Fall From Resistance! Sell! Short

New Zealand Dollar/U.S. DollarFXCM

Description


Hello,Traders!
NZD-USD
has recovered from the "flash crash"
And has now finally reached a proper resistance level
We can see that the price touched the lows of the level
And a bearish reaction followed immediately
On the lower timeframes, the pair is trading in a bearish rising wedge
Which implies that the price might move a bit higher still
But once the pair breaks out of that wedge
We will see a bearish move down
Towards the local support level
Buy!
Like, comment and subscribe to boost your trading!

See other ideas below too!
Comments
TopTradingSignals
What do you think?
UnitedSignals
I have similar expectations here bro!
MMBTtrader
Strong resistance zone here

thanks a lot for sharing
More