NZDUSD just form a huge head-and-shoulder bear trap. A lot of traders must have been trapped. The pair is bouncing inside of a wave 2 or wave b. Longer term, the high has been set and a wave 2 is unfolding.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.