NZDUSD is retesting a major broken trend line on a daily.
The touchpoint matches perfectly with 382 retracement of the last bearish impulse and recent minor horizontal resistance.
On 4H the market remains bullish though.
The price is steadily growing within a bearish flag pattern.
To catch a bearish move, wait for a breakout of flag's support,
it will be a perfect confirmation.
Goals:
0.717
0.7138
In case of a bullish violation of the yellow zone, setup will be invalid.
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✅Join My Telegram Channel: t.me/VasilyTrading
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✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.