NZDUSD look for this breakout confirmation
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Hello traders:
As you know my bias on USD, I do pay attention to most USD pairs frequently for opportunities.
Here in NZDUSD , higher time frame we are in this ascending channel structure, pushing the price up correctively.
Last bit of price action see a recent double tops, then a bearish move on the lower time frame.
I like the structure the price is creating, but I like to see a full breakout from this ascending channel , then follow by a continuation correction to take it short.
Thank you
As you know my bias on USD, I do pay attention to most USD pairs frequently for opportunities.
Here in NZDUSD , higher time frame we are in this ascending channel structure, pushing the price up correctively.
Last bit of price action see a recent double tops, then a bearish move on the lower time frame.
I like the structure the price is creating, but I like to see a full breakout from this ascending channel , then follow by a continuation correction to take it short.
Thank you
Comment:
Comment:
Waiting for the breakout now, followed by correction to short.
Comment:
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thanks for sharing! Agree with your bias, I think we could be seeing a pullback to our entry before a bounce here which lines up nicely with your ascending trend line:
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