🚨 NZDUSD Is About to CRASH?! Massive Bearish Setup Forming on D1 – Don't Miss This Short!
Looking for #NZDUSD shorts? Price might test a new area of potential continuation with a strong resistance zone forming on the Daily (D1) timeframe.
As most major currency pairs are currently trading in a short bias, NZDUSD is also forming a bearish pattern on the Higher Time Frame (HTF). This suggests the overall downtrend is likely to remain intact for the coming weeks.
Technical Breakdown
- BOS (Break of Structure): Confirmed on the daily chart, signaling a clear shift in market structure from bullish to bearish.
- CHoCH (Change of Character): Marked the first reversal signal before the major drop began.
- Non-Fresh PCP Zone: This zone was tested and respected by price, pushing the market lower.
- New PCP (Previous Continutation Pattern): Currently acting as a fresh supply zone, aligned with a nice resistance level on the D1 chart.
- Expected Price Action: Price will most likely retest the New PCP / resistance area before continuing its move to the downside.
Trade Outlook
Traders watching NZDUSD should keep a close eye on price action around the New PCP and resistance zone. A confirmed rejection from this area — such as a bearish candlestick close or clear rejection wick — could offer a solid shorting opportunity in line with the broader bearish HTF trend.
Key Levels to Watch
- Resistance / New PCP zone – potential short entry area
- Previous BOS level – confirms structural bearish bias
- Downside continuation target – aligned with overall market bearish momentum
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