NZDUSD : Best place to short / 150 pips with good risk/reward.
as you can see price reached a strong weekly resistance wich you can have a better look in weekly TF .
RSI shows us a good divergence wich signaling end of current bullish trend.
There is a possible double top structure wich confirm only when its neck line breaks.
So our targets are : 0.66200 , 0.64400 (if price closes under neckline) and lasts target is about 0.62000.
Don't forget to like and leave me any questions, comments or observations, thank you.
RSI shows us a good divergence wich signaling end of current bullish trend.
There is a possible double top structure wich confirm only when its neck line breaks.
So our targets are : 0.66200 , 0.64400 (if price closes under neckline) and lasts target is about 0.62000.
Don't forget to like and leave me any questions, comments or observations, thank you.
Comment:
Reached our first target , 150 pips!!
Comment:
had pullback on neckline , monitor for reversal signs.