NZD/USD - sell on 4H - head and shoulder pattern

2019-11-27 16:11:37

Market price reached strong resistance area at 0,643 area, has gone into sideways channel and formed a head and shoulder pattern.
We can expect many sellers entering the market at current price area.

Indicator analysis
-MACD baselines near bearish crossing and the buy volume start to slow down again which brings sellers into the market
-RSI baseline is near down trend resistance line which need to break for further up movement
-price is near upper bollinger bands and the bands start sideways movement which indicates correction movement as well

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Good luck to all.