hey guys,
nzdusd pair is approaching 0.685 level
we see that the market coils in a rising wedge pattern
with clear weakening bullish momentum
+ take into account heavily overbought rsi with divergence.
I will be looking for selling opportunities following structure looking left
and bearish breakout of a rising wedge as a confirmation.
initial target is above 0.68
second 0.676
good luck!
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✅Join My Telegram Channel: t.me/VasilyTrading
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Related publications
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.