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NZDUSD BEARS TO TAKE OVER!
New Zealand Dollar / U.S. Dollar
Short
NZDUSD BEARS TO TAKE OVER!
By Hadi_karaali
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May 11, 2023
2
May 11, 2023
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
NZD/USD BEARISH REVERSAL!
As we can see price is got stuck inside this range from Daily time frame,
And price is sitting now around our upper bound of this range, where we will be looking for new bearish movement.
Meanwhile, for the bears to kick in we need a break below the marked major swing low marked on the chart, then a movement lower would be expected
1-2 Risk To Reward Ratio from a risk management perspective.
Until that price is still overall bullish and price can still trade higher and higher till the upper resistance zone.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Chart Patterns
Support and Resistance
Trend Analysis
Hadi_karaali
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