HACK_inthe_MARKETS

NZDUSD : MN1 Consolidation in Heavy MN3 bearish pressure.

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Hello,
Here is the situation of the NZDUSD.
Very interesting configuration when the market will break down.


Violent MN3 Down Move followed by consolidation.
MN3 Orange Consolidation Down-broken by engulfing candle.

Now market is consolidating on MN1 timeframe.
We wait for the MN1 Blue consolidation Down-broken.

Target are in RED.

Regards.
Comment:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.