NZDUSD Sell Setup Forming

Hello everyone:

NZDUSD has also shown us a strong bearish reversal price action from the HTF ascending channel structure.

Similar like AUDUSD, price has formed strong LTF impulse, follow by continuation correction to move the price lower.

Now we are seeing yet another LTF impulse and follow by a small LTF continuation correction.

We can expect either price will start breaking lower now and follow by LTF correction to go lower,
or
We can wait for a bigger continuation correction that will form here, and still expect the bearish move to resume once correction finishes.

thank you

Kommentera: