After long time waiting time to short NZDUSD
1- i can see a clear bearish wedge in chart
2- our chart face 2 level bearish divergence in 1H and 4 hour time frame
3- daily chart has a clear hidden divergence between last 2 high in down trend
4- daily RSI is in OB area
5- we see that the weekly trendline is going to push back market down
6- price is in huge resistance area and crossing it to high will not be as easy as it seems
actually i wait for almost 2 week for this position . good luck to all . trade with care .
2- our chart face 2 level bearish divergence in 1H and 4 hour time frame
3- daily chart has a clear hidden divergence between last 2 high in down trend
4- daily RSI is in OB area
5- we see that the weekly trendline is going to push back market down
6- price is in huge resistance area and crossing it to high will not be as easy as it seems
actually i wait for almost 2 week for this position . good luck to all . trade with care .
Comment:
a huge deny from uptrend . let see if price can break wedge to down and make flag .
Comment:
pair is fighting in huge resistance area . it will be a highest possibility that pair start to go down or it can go upper to build more complex correction
i still will wait for price to break an correct down off the trend line to enter sell
i still will wait for price to break an correct down off the trend line to enter sell