NZDUSD Can It Start To Reverse ?

Hello traders:

Here on NZDUSD, price is once again at the bottom of structure, and forming possible reversal price action.

From the higher time frame, we can see strong bullish impulse up to reverse the COVID sell off,
and price begin to form into the flag/descending channel structure.

On the lower time frame we are seeing the correction continue to develop, multiple swing highs and lows to correct the price within.

Latest development showed a nice fallen wedge reversal at bottom of HTF structure, and a bullish impulse break up.

Good idea to wait for bullish continuation correction to form and complete, to give a possible entry to the next highs.

Thank you

Kommentar:

Kommentar: