NZDUSD - Get ready to sell
Updated
Price has been in the retracement period.
Wait for price to show its real intention around Daily resistance zone (blue zone). Potential double top can form in this area as well.
Price can potentially drop out of the Hourly channel (white dash lines) which confirms that the Bears have taken control.
Wait for price to show its real intention around Daily resistance zone (blue zone). Potential double top can form in this area as well.
Price can potentially drop out of the Hourly channel (white dash lines) which confirms that the Bears have taken control.
Note
Price is now in Daily Resistance zone which will make Double Top before impulsing down. I will look opportunity in 1H chart for sell potential.
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