NZDUSD - Short Idea

2019-12-22 21:10:01

- The pair reached highs of 0.66355 on Dec 13, 2019. After reaching those highs, pair quickly rejected that level and then formed a bearish pin bar on the daily timeframe, suggesting the that the bears are challenging the bulls.
- After the 13th, price action shows that the bulls have then struggled to retest those newly created highs and only managed to reach 0.66145 (Now daily chart resistance), creating a triple top formation on the daily chart in the process.