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tradingwithyg
May 15, 2018 4:17 AM

NZDUSD - Weekly Chart Analysis Short

New Zealand Dollar / U.S. DollarFOREX.com

Description

Similar to monthly structure. Price has reached a critical point in the structure. Ideally, I would like there to be a break of trend support before there is any kind of retest of daily support/trend support. Looking for either a break of the neckline (conservative) or a break of trend support (aggressive) for the pattern to be activated. It seems that this pair is very sensitive to U.S. news, so trade with care.
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