NZDUSD waiting for the sell setup to form

Jul 10, 2020

on DAILY: NZDUSD is sitting around our upper brown rejection trendline and supply zone in green so we will be looking for objective sell setups on lower timeframes.

on H1: NZDUSD is forming a channel in red but it is not valid yet so we are waiting for a third swing to form around our lower red trendline to consider it valid and enter sell on its break downward.

we also have a regular bearish divergence adding more confluence to our setup.