Hey Guys, If you look at NZDUSD, you'll find that there is a nice channel is under formation and near to breakout. If Price remain under the major trendline then we may have a sell setup of breaking-down. If price break the upper trendline before Breaking the channel down then our setup will be invalidated. P.S. Daily RSI is overbought.
Trade according to your own strategy!
Good luck!
Trade according to your own strategy!
Good luck!
Comment:
We are still inside the pattern as we're seeing a clear rejection! So Wait for Breakout!
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Correction Undergoing.
