NZD/USD - sell on 4H - head and shoulder pattern
Market price reached strong resistance area at 0,643 area, has gone into sideways channel and formed a head and shoulder pattern.
We can expect many sellers entering the market at current price area.
Indicator analysis
-MACD baselines near bearish crossing and the buy volume start to slow down again which brings sellers into the market
-RSI baseline is near down trend resistance line which need to break for further up movement
-price is near upper bollinger bands and the bands start sideways movement which indicates correction movement as well
This idea will be updated in our DK-Investment VIP channel, contact us for further information.
Good luck to all.
We can expect many sellers entering the market at current price area.
Indicator analysis
-MACD baselines near bearish crossing and the buy volume start to slow down again which brings sellers into the market
-RSI baseline is near down trend resistance line which need to break for further up movement
-price is near upper bollinger bands and the bands start sideways movement which indicates correction movement as well
This idea will be updated in our DK-Investment VIP channel, contact us for further information.
Good luck to all.
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Trailing stop reached after gap opening
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
