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jojofang0901

NZDUSD Reversal from the top.

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Nyzeeländsk dollar/USA-dollar (OANDA:NZDUSD)  
jojofang0901 Uppdaterad   
OANDA:NZDUSD   Nyzeeländsk dollar/USA-dollar
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction Wedge
25
17
chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern

Hi everyone:

Most USD pairs are getting strength in the last 2 days, and NZDUSD is certainly shaping up for further bearish price action to the downside.

Price has correctively move up within this ascending channel, and hitting a HTF double area.

Price then had a sharp bearish impulse down, looking to breakout of the reversal ascending channel.

Wait for confirmation breakout follow by LTF continuation correction to get in the sell.

Thank you
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