Top and Bottom + Trade Idea on NZDUSD by ThinkingAntsOk

New Zealand Dollar/U.S. Dollar FX:NZDUSD

ThinkingAntsOk

Use this as a guide to identify major technical zones on the chart, or to support or discard a possible trade idea you may have

Main Items we see on the 4hs chart:
a)Price is against a major reversal zone formed by a trendline + support area
b)Currently there is a corrective structure close to the descending trenldine of the bearish channel
c)If price breaks out the descending channel , we will wait for a corrective structure to be formed
d)If that scenario happens we will trade the breakout with a take profit on the end of the green arrow
e)You can set you stop below the Correctie Structure

Daily Vision:

Weekly Vision:

more info

READ  BEARISH FLAG AND TRIPLE BOTTOM