NZDUSD is in a rising channel (possible daily bearish flag too)
we have got a nice rejection candle on the upper trend line
following candle is bearish..
good risk reward
dollar showing a bit of strength in most of its pairs
Big tug of war happening on a trendline retest..important to watch for now until price decides..we can see price showing indecision..dojis,darkcloud cover ..appearing dead on after a corrective uptrend wave...the odds are in favour for bears to win this one...so we sit an wait for the bears to show a win.big reward ...
A nice fakeout confirming bulls coming in at a critical support level...also a piercing pattern formed.
A break of minor trendline would set the bulls on track..great Risk Reward. Im expecting Yen weakness across the board this week.