NZDSGD ____ INCOMING BEARISH MOVE

Hello Guys,

I have come up again with a trade idea that's simple and straightforward.

With last week's candle close, we saw price form a CHOCH on the weekly chart. which could indicate that NZDSGD wants to go higher in the long term.

First, just look at the weekly chart where this weekly CHOCH you'd notice why it happened.

With this CHOCH on the weekly chart, price traded into the daily supply order block which "could" be used to form that retracement on the weekly CHOCH.

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Cheers,
Jabari