Price hit a monthly Trendline and a weekly resistance zone. The daily timeframe build a doubletop. Red rectangle shows my SL and the green ractangles possible profit targets. Always remember to analyze the charts by your own!
I'm looking for a short setup in one of the retracement zones. Until we hit the weekly trendline I think we are short. At the weekly trendline I'll look if price bounces back or if price make further lows. Depending on that I'll look for long or short opportunity at this level.
NZDUSD builds a Doubletop at a D1 resistance with an overbought RSI on the left high. For further confirmations I'll wait for a close/break of the Doubletop's neckline. Furthermore the price (M240) rised within a channel. The break of the neckline correlates with a breakout of this channel. I think this could be a good short opportunity on this pair =)