Godal Member’s, Traders and Aspiring Traders . Todays shared post is on . Pair : NZDUSD Time-Frame : Daily Biased Short term – Bearish Pattern : Bearish Flag Outlook : As the chart / price action shows since 26th of march where the first green arrow is , price action has steadily been retracting back to previous support that was broken on the 23rd of march making it new formed resistant zone ( red line ). Which is yet to be tested. As price action has been raising a support and resistant trendline has been able to be allocated due to respected rejections , which is represented with the red and green arrows. This formation of candles is forming a potential continuation pattern called Bearish Flag . ( small diagram on the chart ) So now I will be waiting for the break of the lower trendline and a retest for potential short opportunities if my personal entry criteria presents it self. Small extra note : Compliments my personal named I.P.C method _____________________________________________________________________ Safe trading everyone >> One trade must not make you, one trade must not break you :pushpin:⠀Do not forget to turn the :bell: notification on so you never miss any idea _____________________________________________________________________⠀ -Disclaimer: This information is not a Signal or educational channel . -Godal Trading a community based service where you have the choice to use the content for educational purposes or as a signal or even as your chart analysis guide for the coming weeks or week for free !! -Please note this is just a personal Perception of the market .
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