Hey Traders!
I am directing attention to a potential opportunity with NZDUSD, given its prevailing strong bearish sentiment. Our analysis has identified a rising wedge on the hourly chart that has recently been breached, offering a signal for a prospective downward trade. Notably, higher timeframes are also demonstrating a double top and a rising wedge formation, affirming the bearish perspective.
Considering these price action patterns have yet to reach their target levels, we have strong grounds to anticipate a continuation of this trend.
Please Be Aware: Significant news releases are scheduled for tonight, which include:
NZD: Monetary Policy Statement
NZD: RBNZ Interest Rate Decision
NZD: RBNZ Rate Statement
NZD: RBNZ Press Conference
Please approach this trade with caution, keeping the potential market volatility in mind.
I am directing attention to a potential opportunity with NZDUSD, given its prevailing strong bearish sentiment. Our analysis has identified a rising wedge on the hourly chart that has recently been breached, offering a signal for a prospective downward trade. Notably, higher timeframes are also demonstrating a double top and a rising wedge formation, affirming the bearish perspective.
Considering these price action patterns have yet to reach their target levels, we have strong grounds to anticipate a continuation of this trend.
Please Be Aware: Significant news releases are scheduled for tonight, which include:
NZD: Monetary Policy Statement
NZD: RBNZ Interest Rate Decision
NZD: RBNZ Rate Statement
NZD: RBNZ Press Conference
Please approach this trade with caution, keeping the potential market volatility in mind.