NZDUSD H4 Potential Bearish Reversal
Price is trying to respect the trendline. If it rejects the trendline, there is a great posibility that the price will retest the demand zone at 0.6892 and continue the bullish move.
But if the price breaks the demand zone, it might retest the lower trendline of the channel.
But if the price breaks the demand zone, it might retest the lower trendline of the channel.
Comment:
Price is consolidating at the demand zone. If it doesn't break the demand zone, long positions are of higher chances to hit TP.
