#nzdusd #nzd #dollar #trump
The descending triangle is a well-known bearish pattern, and NZDUSD seems to be forming one right now. Here’s what it means:
The price is bouncing between a strong horizontal support level and a downward-sloping resistance. This back-and-forth movement is creating pressure, hinting at a potential breakout.
If the price breaks through the support, it could signal the beginning of a strong bearish momentum. Traders often look for confirmation in the form of a retest of the broken support level, which could turn into resistance.
Once confirmed, this setup may provide an excellent opportunity for short trades, with the possibility of significant downward movement.
Keep your charts ready and your strategy tighter—this could be the move you’ve been waiting for!
#dollar #trading #tradingstrategy #tradingtips
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