NZDUSD Potential Big Move to The Down

Looking at the parallels of the downsloping modified schiff we may see that the slope of price is pretty valid and that this fork is working very well. Price is testing now the upper parallel and it looks like is been rejected. Any sell setup completion at a lower timeframe would be a high probability one with a great reward even if we initially aim for the upper quartile or the slidely parallel. I will update the post if any sell setup forms.

Kommentera:

Price dropped from the upper parallel and it looks like it's forming a bearish flag. Selling the breakout may be a good idea