jojofang0901

NZDUSD Watch for bearish price action to get in the sell

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

Hi everyone:

NZDUSD is showing good price action structures for further downside opportunity.

Price has been in this large HTF parallel channel for quite sometimes now.

We see a double tops, and price impulse down from this ascending channel .

After a strong bearish impulse, naturally the market needs correct itself.

We see latest price action begin to form this sideway channel correction, good indication this is a continuation structure that can lead to the next bearish run.

I would wait to see a complete break below of this channel, and LTF correction to get in the sell.

Thank you

Comments

There's been a 43 pip run to the upside. Is the trend bullish now, or do we need to be more patient? Seems like it's one of those days where everything is going opposite of the signals.
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jojofang0901 Newbie2001
@Newbie2001, Hi :) personally still like the overall price action, the price is just making a deeper correction, but overall HTF still looks clean to me for more downside.
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