NZDUSD continuation downside, look for sell entries

Hi everyone:

NZDUSD is showing good signs of bearish price action, we can then look for selling opportunities once price confirms.

From the previous bearish impulse down, price formed into a continuation correction. An impulse phase did push down, but failed to continue higher.

Instead price correctively move up within an ascending channel, and created a double tops, "M" style structure.

These are good signs of bearish price action in the making.

To confirm more downside, watch for price to impulse down again follow by bearish continuation correction to confirm the sell

Thank you

ความคิดเห็น:

Still watching and waiting for more development.