NZD/USD (WKLY) OUTLOOK

2020年12月13日

Sell-off incoming. Price broke out descending wedge and also tested it before going up again with strong resistance coming up ahead, the blue horizontal line below is our Demand Zone which is also 61.8% "Wave 1" retrace confirming possible H&S.
I will gladly buy that zone but for now I am looking to short neckline (Supply Zone)