NZDUSD: Unsustainable parabolic trend
The uptrend has broken into a parabolic state, which is unsustainable in the long run.
The higher it goes, the harder it will fall.
Wait for a confirmation of a bearish bias when price breaks below the top of the trend channel.
NZDUSD Short
Entry is valid as long as price is below 0.7000
Entry: Sell Stop 0.7000
SL: 0.7120
TP: 0.6740
The higher it goes, the harder it will fall.
Wait for a confirmation of a bearish bias when price breaks below the top of the trend channel.
NZDUSD Short
Entry is valid as long as price is below 0.7000
Entry: Sell Stop 0.7000
SL: 0.7120
TP: 0.6740
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