RESISTANCE AREA DEFIED NZDUSD
HINT : MRA= MAJOR RESISTANCE AREA
THE CURRENCY PAIR BROKE ABOVE MAJOR RESISTANCE LINE 1 AND BOUNCE AWAY FROM MRA 1
I EXPECT A SHORT TERM RETRACEMENT TO THE MRA 1 AND BREAK OUT OF THE MRA 2 AND BEYOND
ALSO THE INDICATOR MACD SHOWS A REDUCED MOMENTU AT IT'S TOP AND SHOWING AN INCREASED MOMENTUM ON IT'S WAY DOWN, SIGN OF A BEARISH MARKET
TAP THE LIKE IF YOU FOUND MY ANALYSIS USEFUL!!
THE CURRENCY PAIR BROKE ABOVE MAJOR RESISTANCE LINE 1 AND BOUNCE AWAY FROM MRA 1
I EXPECT A SHORT TERM RETRACEMENT TO THE MRA 1 AND BREAK OUT OF THE MRA 2 AND BEYOND
ALSO THE INDICATOR MACD SHOWS A REDUCED MOMENTU AT IT'S TOP AND SHOWING AN INCREASED MOMENTUM ON IT'S WAY DOWN, SIGN OF A BEARISH MARKET
TAP THE LIKE IF YOU FOUND MY ANALYSIS USEFUL!!
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