NZDUSD SHORT DAILY AND 4HOUR TIMEFRAME 100+PIPS

2019-12-08 01:43:49

On the daily time frame price has broken the resistance level which is now acting as a support. The price has now formed a rising wedge which indicates a drop is coming, I have also marked with horizontal line an area the price has had heavy resistance in the past and I expect price will rise to this level before going for a short