Short term bearish, mid term bullish
NZD/USD has expired a nice trend reversal on Daily. On the H4 it is marked it is marked with the purple lines.
Guess on short term the market is overheated and it started already the retracement. Following this idea the SHS drawed in this chart is just a short term reversal chance. I will wait until NZD/USD will enter the orange marked zone to look for a long entry.
Important: :-)
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading
Guess on short term the market is overheated and it started already the retracement. Following this idea the SHS drawed in this chart is just a short term reversal chance. I will wait until NZD/USD will enter the orange marked zone to look for a long entry.
Important: :-)
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading
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