NZDUSD 4H Short opportunity

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Hi there,

The NZDUSD on the 4H chart might be opening an opportunity for us in the next 1-2 days.

We can see a trendline to the upside and will now wait for a break of this trendline with a bearish candle (preferably a strong push). Some people might want to enter after the break, but I highly suggest to either be patient or to enter with a half position.

I want to see a break of the blue rectangle, a strong flipzone. Once this has been broken, then this would seem like a shift in the momentum and a trade can be initiated.

As always, be patient and stay disciplined.

Penafian

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