USDNZD usdnzd broke bullish structure from weekly TA. Looking at taking short position from retest of bearish order block
Find entry, sl, tp in TA
NB: Patience + risk management is key to winning trades.
Usdnzdanalysis
USD/NZDHellow Traders
In the case of USD/NZD , it can be said that we are in a range of supply and demand and we have to wait for one of them to break. It should be noted that our analysis team is looking for buying opportunities in this currency.
USDNZD - BULLISH MARKETCombination of a flag and double bottom tends to push the market to a Bullish direction.
Possible NZD/USD SHORT trading opportunityNZDUSD BULLISH run since the start of the week may possibly come to an end as it hits DailyR1 resistance and the well-defined trend line from mid April.
RSI readings are not overbought so the BULLS may be able to push higher but they will be coming increasingly BEARISH pressure from SELLERS.
If we have some candles closing under the 5m 200 sma I'll get SHORT on this pair.
