NZDUSD Sell Scenario
Analysis :
Sell :
/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.
A bearish engulfing pattern has emerged at the bearish bat pattern potential reversal zone.
***This idea is only for educational purpose. Not a financial advice***
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- Price is inside a bullish regression channel,
- Bulls were rejected on both [Resistance zone and regression channel upper bound].
Sell :
- Wait for a bearish reversal confirmation,
- Wait for a rejection candle pattern to form e.g. bullish engulfing , pinbar , Insidebar etc,
- Initiate SELL order,
- Targets TP1 to TP3,
- SL above our resistance zone.
/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.
A bearish engulfing pattern has emerged at the bearish bat pattern potential reversal zone.
***This idea is only for educational purpose. Not a financial advice***
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