NZDUSD TRADE ANALYSIS 4H
Analysis Shows that:
[WHEN TO TRADE:
When price forms a reversal candlestick close to the vertical or horizontal resistance zone
- Price has created a head and shoulders pattern which means reversal is in progress.
- Price has successfully broken support and is testing the new resistance zone
- Price also created lower highs and lower lows thus a downtrend
[WHEN TO TRADE:
When price forms a reversal candlestick close to the vertical or horizontal resistance zone
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