From the bigger picture NZDUSD are downtrend . It good opportunity to find entry to go short within this downtrend .
Based on 1 hour chat . We can see price did making new higher high but then along the way buyer seem loss it power and seller coming in and making new lower low . This indicate price might only able to make higher low somewhere at 0.65581 .Moreover there is double top appear at 0.65581 , if price valid this double top then i'am looking for short at area of concern ( 0.65213-0.65085) .
For now , stay away from NZDUSD for a short time .
Disclaimer;
Please don't follow my idea trading without any proper plan and if do please consider the risk of losing money
Based on 1 hour chat . We can see price did making new higher high but then along the way buyer seem loss it power and seller coming in and making new lower low . This indicate price might only able to make higher low somewhere at 0.65581 .Moreover there is double top appear at 0.65581 , if price valid this double top then i'am looking for short at area of concern ( 0.65213-0.65085) .
For now , stay away from NZDUSD for a short time .
Disclaimer;
Please don't follow my idea trading without any proper plan and if do please consider the risk of losing money
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