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mngFX

NZDUSD, Potential Short to Double Bottom

Short
New Zealand Dollar / U.S. Dollar (OANDA:NZDUSD)  
mngFX  
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Multiple Time Frame Analysis Wedge Fundamental Analysis wedgepatterns multitimeframeanalysis fundamental-analysis reversal impulse correction Double Bottom
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mtfa wedgepattern fundamental wedgepatterns multitimeframeanalysis fundamental-analysis reversal impulse correction doublebottom
Price action has been moving within a falling wedge structure which as we know is a reversal structure in nature. We may get another leg down to a double bottom area before price climbs up as we can see a corrective movement after a strong impulse this past week.

I will wait to see if price is able to retest the upper boundary of the wedge structure to give a sell opportunity.

Thanks
Trade Safe

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