ASHNALLY

nzdusd its a sell setup

Short
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
so looking at daily timeframe we have an ascending pattern telling us we going to be looking at buy in future , then advancing to 4 hour we see currently market is in a corrective phase telling us we will be selling , coming to one hour we see we have an ascending pattern inside an ascending pattern double confirmation to say currently market is going to sell then finally as we look at 15 minute timeframe market created an ascending pattern and broke out impulsively then went on to create a double bottom in order to retest resistance level then after retesting it created a bearish engulving pattern or 1 hour retracement candlestick so that is my confirmation that we going for sell now .

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.