jojofang0901

NZDUSD Catch the next drop if you haven't

Corto
OANDA:NZDUSD   Dólar neozelandés/Dólar estadounidense

hi traders:

Similar like AUDUSD I just shared, NZDUSD is following the same bearish development as well.

From my previous outlook and forecast,

Price hit the double tops, reversal impulse down, and formed continuation correction to drop more.

Now that price has a short term pullback, smaller, ascending channel, we could expect more downside from the price.

Ideally price should break below the HTF continuation structure, and formed lower time frame bearish development to further confirm the downside to the next previous lows.

Higher time frame wise, we do see strong bearish bias, and is looking clean for another downside move.

Thank you

jojo

I will NEVER message you to Sell Anything/Service For $.
100% Free Educational Trading Content.
NO Telegram, Discord, Whatsapp & Facebook.
Be Careful of Scammers, Impersonators/Fakers of ME on Those Platforms.
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.