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  • Vasily Trader

NZDUSD: Potential Reversal & Great Shorting Opportunity



NZDUSD is retesting a major broken trend line on a daily.


The touchpoint matches perfectly with 382 retracement of the last bearish impulse and recent minor horizontal resistance.


On 4H the market remains bullish though.

The price is steadily growing within a bearish flag pattern.


To catch a bearish move, wait for a breakout of flag's support,

it will be a perfect confirmation.


Goals:

0.717

0.7138


In case of a bullish violation of the yellow zone, setup will be invalid.

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