[1.6 r=1/10] Overbought with divergence + 5th wave completion
NZDUSD has a strong potential for the long term bulls, but at the moment it needs to take a breath and consolidate a bit. This result could be reached by several approaches. Daily RSI is overbought; 4h RSI has divergence; 1h wave count indicates a correction. The price is also approaching a key Gann angle, not to mention a key pitchfork level.
This pair can be short when 4h RSI gives a sell signal and/or when there are three clear downward Gann candles in 1h.
This pair can be short when 4h RSI gives a sell signal and/or when there are three clear downward Gann candles in 1h.
Penafian
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