NZD/USD, Sell opportunity if price continues to drop past CHoCH
Weekly: Descending channel, making LH's and LL's.
Bullish hammer candle.
Daily: Price has reacted off the top of the descending channel. Not breaking the Daily BoS and pushing past the Daily CHoCH.
Bearish pattern emerging with prediction of price retracing back to lower channel bottoms.
4H is Bearish, although structure is weak it has passed the d CHoCH and 4H BoS.
For sells, price moves down, the retests level, sell could be an option.
If Price moves back up, breaks a CHoCH the buy's could be taken.
1H, Price is bearish, as per the overall trend.. waiting for a push past the 4H Bos, retest the sell entry possibility.
Bullish hammer candle.
Daily: Price has reacted off the top of the descending channel. Not breaking the Daily BoS and pushing past the Daily CHoCH.
Bearish pattern emerging with prediction of price retracing back to lower channel bottoms.
4H is Bearish, although structure is weak it has passed the d CHoCH and 4H BoS.
For sells, price moves down, the retests level, sell could be an option.
If Price moves back up, breaks a CHoCH the buy's could be taken.
1H, Price is bearish, as per the overall trend.. waiting for a push past the 4H Bos, retest the sell entry possibility.