NZD/USD is going lower (Short Setup)!
Hello Traders
NZD/USD has a downward trendline and yet respected it nicely.
I assume NZD/USD is forming a Symmetrical Triangle and after completing this Triangle pattern I believe NZD will resume its downward move.
So wait for a breakdown to confirm a downward move.
this assumption will be invalidated if price goes above and breakout Triangle pattern.
Thanks for reading
NZD/USD has a downward trendline and yet respected it nicely.
I assume NZD/USD is forming a Symmetrical Triangle and after completing this Triangle pattern I believe NZD will resume its downward move.
So wait for a breakdown to confirm a downward move.
this assumption will be invalidated if price goes above and breakout Triangle pattern.
Thanks for reading
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