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Ometrading

Breakout. Bearish scenario-NZDUSD

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Ometrading Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis NZD aussie USD euro Parallel Channel Bearish Patterns dollar
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trendanalysis chartpattern waveanalysis nzd aussie usd euro parallelchannel bearish dollar
After that yesterday breakout, we can expect a bearish scenario for the next weeks.
Comment:
Price is moving bullish to the resistance level. We need to see a rejection of the zone to go short again
Comment:
Waiting for a rejection of the resistance.
Comment:
Rejection has occured. 1H & 4H frame shows short opportunity to activate the trend again.
Comment:
We need to see a breakout of MA50 in 1H frame. If not, we could see a bullish impulse till 0,672 again
Comment:
Impulse has occured as we mention on our last comment. Until price rejects MA and resistance, the bearish signal wont be active.
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