2020/7/15 — NZDUSD

2020/7/15 — NZDUSD

We have uptrend from 2020/3/19 till now, daily LDL @ 0.63808 and daily LDH @ 0.66007, recent resistance @ 0.65849 area

We have uptrend from 2020/5/15 till now, 4H LDL @ 0.65517 and 4H LDH @ 0.66007 (same as daily LDH), recently touched daily resistance triple times but failed.

Yesterday price broke below 4H LDL, we conclude uptrend was halted (note: this means the pair will be in consolidation or in downtrend, but right now we don’t have any idea). Since we just have inside bar , try to short @ 0.65429 with SL @ 0.65663, target back to daily LDL.

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