NZDUSD Possible Drop from Resistance Trendline

We can see a very strong structure trendline that is holding price in a bearish trend. Price is back at this structure and is forming a double top. If we get good entry criteria on lower timeframes price could at least reach 0.61480 and at most reach 0.51880 if our pattern is right.

Commentaire:

As we can see the bulls are still in control of this market so I'd stay away from any shorts until we get a clear structure break down.