ANOTHER SELL SETUP ON NZDUSD
Here I see another sell opportunity on NZDUSD.
We can see that on the daily time frame that the price action is over extended, and hit a strong resistance area. A pullback is likely to happen before a trend continuation.
On the 1 hr chart, we see a short term trend line broken, and price has pullback to form a lower high.
Good to enter for a short position, TP 1= 4 hr 50 EMA, TP 2= daily 38.20% level.
Thank you
We can see that on the daily time frame that the price action is over extended, and hit a strong resistance area. A pullback is likely to happen before a trend continuation.
On the 1 hr chart, we see a short term trend line broken, and price has pullback to form a lower high.
Good to enter for a short position, TP 1= 4 hr 50 EMA, TP 2= daily 38.20% level.
Thank you
Comment:
Daily time frame:
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