NZDUSD: Classic Trend Following Setup ๐ณ๐ฟ๐บ๐ธ
https://www.tradingview.com/x/DW6stAmO/
NZDUSD is trading in a bearish trend.
The price successfully violated a key daily structure support and closed below that.
Analyzing the intraday price action, we can spot that, after an impulsive movement, the market was consolidating for some time within a triangle.
Its support was broken at night.
Chances are high now, that the pair will drop lower soon.
Next support - 0.59
โค๏ธPlease, support my work with like, thank you!โค๏ธ
NZDUSD is trading in a bearish trend.
The price successfully violated a key daily structure support and closed below that.
Analyzing the intraday price action, we can spot that, after an impulsive movement, the market was consolidating for some time within a triangle.
Its support was broken at night.
Chances are high now, that the pair will drop lower soon.
Next support - 0.59
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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