NZDUSD Broke out from structure, look for correction to sell
Updated
Hello traders:
Looking at NZDUSD for further downside opportunities.
We see price was at the top of the HTF channel, and had a LTF impulse down from the top.
Then, we see price begin to form this ascending type of channel structure, correcting the price up.
Latest price action shows a strong impulse out of that correction. Good sign the bearish momentum can continue.
I would wait for a LTF continuation here, to get in the short sell down to the lows.
Thank you
Looking at NZDUSD for further downside opportunities.
We see price was at the top of the HTF channel, and had a LTF impulse down from the top.
Then, we see price begin to form this ascending type of channel structure, correcting the price up.
Latest price action shows a strong impulse out of that correction. Good sign the bearish momentum can continue.
I would wait for a LTF continuation here, to get in the short sell down to the lows.
Thank you
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