#nzdusd distribution phase. 22nd april daily key reversal formed, early and advance indication for reversal. price started distribution. on 7th May also again formed daily key reversal bar. double confirmation for short in coming days. initial target is 0.5800 which may suspect support level and then correction before going down for another let. two possible scenario, first one may short directly, 2nd either may again retest upper area of distribution for sell which is more secure way. stop loss above 0.6035, target: 0.5800
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.
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.