Hey tradomaniacs,
after a break below the previous range NZD/USD has retested the daily resistance-zone with a higher volume which appeared with a very slow climb which failed to break through. This is often an indication for a reversal, either a correction or continuation of the previous breakout!
Looking at the structure we might see an expanding triangle forming!
Watch this level carefully and wait for a confirmation as always! =)
LEAVE A LIKE AND A COMMENT - I APPRECIATE EVERY SUPPORT!
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after a break below the previous range NZD/USD has retested the daily resistance-zone with a higher volume which appeared with a very slow climb which failed to break through. This is often an indication for a reversal, either a correction or continuation of the previous breakout!
Looking at the structure we might see an expanding triangle forming!
Watch this level carefully and wait for a confirmation as always! =)
LEAVE A LIKE AND A COMMENT - I APPRECIATE EVERY SUPPORT!
Wanna see more? Don`t forget to follow me!
Note
Note
*EXPANDING TRIANGLE
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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.
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.