NZDUSD SHORT

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we can see price has broken the 4h trend line and the minor support with a big bearish momentum candle and has respected the 4h key support and will probably make a correction to retest the previous broken support

so what do we see?

  • broken trendline and structure
  • Big bear momentum THE SELLERS ARE HERE
  • area of confluences price has respected the previous broken trend line and resistance creating a double top M formation
  • the HH levels on the way up to retest also shows bearish divergence
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waiting for price to make a LL to enter a short with big bear candle

we can also lay out our fib levels to see where that correction can come to

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