Hello traders:
As you know my bias on USD, I do pay attention to most USD pairs frequently for opportunities.
Here in NZDUSD, higher time frame we are in this ascending channel structure, pushing the price up correctively.
Last bit of price action see a recent double tops, then a bearish move on the lower time frame.
I like the structure the price is creating, but I like to see a full breakout from this ascending channel, then follow by a continuation correction to take it short.
Thank you
As you know my bias on USD, I do pay attention to most USD pairs frequently for opportunities.
Here in NZDUSD, higher time frame we are in this ascending channel structure, pushing the price up correctively.
Last bit of price action see a recent double tops, then a bearish move on the lower time frame.
I like the structure the price is creating, but I like to see a full breakout from this ascending channel, then follow by a continuation correction to take it short.
Thank you
Note
Note
Waiting for the breakout now, followed by correction to short.Note
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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.