We can see the trend has exhausted and a head and shoulder pattern is formed.
The breakdown has already happened, but wait for a retest if the SL is out of your risk limits.
Cheers.
Hey y'all as we can see a Bearish Rising Wedge has formed and now we can expect for a long bearish move.
Let's see...
Follow me for any update on this idea and other ideas to.
NZD/USD : nzd/usd is currently going to sell down for beyond the technical analysis NZD/USD sell dow
REASONS :
1. overall trend & current trend sell down
2. rising wedge pattern also formed
The weekly right side is down against the 7/27/17 highs at .7557. The daily right side is down against .6758 from 12/31/19. The 4 hour right side is down with a bearish sequence & the hourly is turning down against .6130. While below there the pair can continue lower again.
NZDUSD Analysis: Price is currently below resistance zone price 0.65919 and underneath trend-line. We expecting price to re test wick and retest towards support zone 0.65246 Long-Term 4 Hr timeframe
Hi,Trader
There is a end of this bigger corrective structure with lower and higher degree of 5th wave and C " wave respectively.
After reaching the level we will look for a new impulse.
Note: This is mere a idea not a trading signal to trade. Trade carefully !
Thank you for your support !
Key Points.
1. The New Zealand Dollar is still struggling to find a direction.
2. on 30 March NZDUSD break Trend and now it is struggling.
3. On daily chart it is Falling wedge Pattern According to that if it goes up today and Complete Bat Pattern still it Gonna Come Down so double possibility of Bearish Reversal Bat pattern. ;)
