NZD / USD, mixed signals from price action and formations. More likely long after the activation of a flag for increacepetar skakalov
NZD / USD D1 Expectations:
Long-term trend – Short and medium-term consolidation. Inverted Head and activated flag for increase. A breakthrough test is currently underway. The current price provides a good opportunity to build a short to medium term long positions.
The indicators give mixed signals.
Test of 38.2% Fibonacci, but the price still holds below..
Price over 50SMA and below 200SMA.
Demarker In neutral territory.
Alternative scenario: The movement gives mixed signals and if today’s bar closes like this it will form a pin bar and a double top to decrease.