NZDUSD Expanding structure for reversal opportunities

1 janv. 2021

Hello traders:

Welcome to 2021 :)

Hope all is well, and are ready to make it count in this year.

I will start off with some USD pairs that could shape into good R:R trades if we have the confirmation on the lower time frames.

Here in NZDUSD, finally see a potential structure completion at the top of the overall price action.

We have this expanding structure formed, and price reacted to the top, and a quick LTF pushed down.

I would either wait for a small LTF correction to form and complete, or one last push back to the tops to form a mini double tops, "M" style reversal structure for the drop.

Thank you

1 janv. 2021

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HTF:

11 janv. 2021

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