NZD/USD - Bear Flag

Short-term play. It looks to have formed an ABC bear flag. Possible it rises up again to test resistance, but we are coming to a close of the C wave, which was very impulsive, but sentiment is still bearish, and the count seems to validate another move down. Just targeting a swing low at .68254. But you could target the support line at the bottom at .67399.

RSI shows some bearish divergence between the height of wave A and C, but will not be confirmed until wave C is truly confirmed to be over.

Commentaire:

just shot up to the upper parallel resistance. Not would be a goo place to short.

Commentaire:

This is looking very bullish. But indicators are showing against this move. Time will tell.

Commentaire:

Interesting moment coming up, which may make or break this short trade.