NZDUSD M15 Analysis
The market has just reached the extreme overbought (OB) zone on the M15 chart. We’re observing a distinct continuation pattern of bearish structure on the M1 timeframe, which serves as confirmation for low timeframe traders (LFT). Based on this, we can consider a direct selling opportunity from the highlighted zone down to the significant low on the M15 chart.
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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.