on DAILY: NZDUSD is approaching a resistance brown trendline so we will be looking for objective sell setups on lower timeframes.
on H1: NZDUSD formed a double top pattern so we are waiting for a momentum candle close below its neckline to sell.
*Conservative traders have to wait for a third swing to form around our red trendline to consider it valid and then enter on its break downward.
Meanwhile, until an objective sell setup is activated, NZDUSD would be overall bullish and can still test the upper green resistance from DAILY to get more liquidity to be able to push price lower.
on H1: NZDUSD formed a double top pattern so we are waiting for a momentum candle close below its neckline to sell.
*Conservative traders have to wait for a third swing to form around our red trendline to consider it valid and then enter on its break downward.
Meanwhile, until an objective sell setup is activated, NZDUSD would be overall bullish and can still test the upper green resistance from DAILY to get more liquidity to be able to push price lower.
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RichTL.com
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RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.