NZDUSD Sell Opportunity
NZDUSD just hit a 4hr order block before the week ended, there is two possible outcome that i have seen from the charts and i will share.
1. The pair could possibly rise to retest the trendline it recently broke out from and also retest the downward trendline which it fails to break above from, this means price will hit the 2Hr order block before pushing further to the downside. (this is highlighted using the red arrows)
2. The other possibility is that price will continue the fall to the next 4Hr order block after which it will test the previous one it broke out from before continuing the fall. (this is highlighted using the black arrows)
Be mindful of the news coming this week.
1. The pair could possibly rise to retest the trendline it recently broke out from and also retest the downward trendline which it fails to break above from, this means price will hit the 2Hr order block before pushing further to the downside. (this is highlighted using the red arrows)
2. The other possibility is that price will continue the fall to the next 4Hr order block after which it will test the previous one it broke out from before continuing the fall. (this is highlighted using the black arrows)
Be mindful of the news coming this week.
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