NZDUSD Watch for bearish price action to get in the sell

18 Eki 2020

Hi everyone:

NZDUSD is showing good price action structures for further downside opportunity.

Price has been in this large HTF parallel channel for quite sometimes now.

We see a double tops, and price impulse down from this ascending channel.

After a strong bearish impulse, naturally the market needs correct itself.

We see latest price action begin to form this sideway channel correction, good indication this is a continuation structure that can lead to the next bearish run.

I would wait to see a complete break below of this channel, and LTF correction to get in the sell.

Thank you