NZDUSD Analysis - Sell 🔻

Apr 4, 2021

Price created an expanding continuation pattern on the 1Hr timeframe. It has broken below the area 0.70240 and retested it as resistance together with the fact that it is respecting and rejecting the 0.382 continuation Fibonacci as well as touched the 0.50 zone, price should fall pretty decent from the analysis. To add on to more confluence price has also created some what of a head and shoulders pattern on the 1Hr. The momentum of this market is to the downside based on the higher timeframes.

Apr 5, 2021

Trade closed: stop reached