NZD/USD - Waiting For The Trend Line Retest Before Going Short
Chart: Daily
Market: Bullish
Bearish Indicators:
1. Monthly chart displays deceleration pattern with price rejecting 50 EMA - overall trend is bearish
2. Weekly high test candle rejecting 0.73 major Daily/Weekly resistance level
3. Daily double top (blue circles) + high test candlestick pattern
4. Daily trend line acting as key resistance level
Agree / Disagree? Comment below!
Market: Bullish
Bearish Indicators:
1. Monthly chart displays deceleration pattern with price rejecting 50 EMA - overall trend is bearish
2. Weekly high test candle rejecting 0.73 major Daily/Weekly resistance level
3. Daily double top (blue circles) + high test candlestick pattern
4. Daily trend line acting as key resistance level
Agree / Disagree? Comment below!