NZDUSD hidden negative divergence suggests that the NZD will move down further and
this is not the bottom. Bulls are thinking
'great, double bottom" but this suggests there the NZD remains weak and the selloff should likely continue.
We need a conter trend candle (a red candle)to confirm the entry point. Stops: 20 pips or so stop.
We are aiming for a lower low
Just wait for confirmation.
this is not the bottom. Bulls are thinking
'great, double bottom" but this suggests there the NZD remains weak and the selloff should likely continue.
We need a conter trend candle (a red candle)to confirm the entry point. Stops: 20 pips or so stop.
We are aiming for a lower low
Just wait for confirmation.