NZDUSD- Trend Turning? I think so!
Main reason why its turning, it hit a major weekly resistance zone.
Now price seems to be reacting nicely off that resistance level.
Two entry options-
1. Im waiting for a close below the trend line
2. Wait for the pullback and have a bearish engulfing candle to take the short.
Now price seems to be reacting nicely off that resistance level.
Two entry options-
1. Im waiting for a close below the trend line
2. Wait for the pullback and have a bearish engulfing candle to take the short.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.