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NZDUSD continuation downside, look for sell entries
New Zealand Dollar / U.S. Dollar
Short
NZDUSD continuation downside, look for sell entries
By jojofang0901
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Updated
Feb 22, 2022
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Feb 17, 2022
Hi everyone:
NZDUSD is showing good signs of bearish price action, we can then look for selling opportunities once price confirms.
From the previous bearish impulse down, price formed into a continuation correction. An impulse phase did push down, but failed to continue higher.
Instead price correctively move up within an ascending channel, and created a double tops, "M" style structure.
These are good signs of bearish price action in the making.
To confirm more downside, watch for price to impulse down again follow by bearish continuation correction to confirm the sell
Thank you
Feb 22, 2022
Comment
Still watching and waiting for more development.
Chart Patterns
correction
Flag
impulse
Parallel Channel
pattern
priceaction
structure
Wedge
jojofang0901
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