Check the Post below with the chart showing the details.
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Observe the support structure and potentials moves.
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Premium Post: 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. [/s2If]
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