Looking at NZDUSD price action here next week

Looking at green zone for potential turning point for short.

At moment day – day momentum is up so a valid setup has to show price reaction to green zone/top trend line to signal that they are valid resistance.

NZDUSD daily chart July 2015 - present

NZDUSD daily chart July 2015 – present

Two prominent features in this chart:

  1. Bull trap
  2. Bearish expansion
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Soh Tiong Hum is Director of TerraSeeds Market Technician Pte Ltd. TerraSeeds is a trading educator in Singapore since 2005.   Soh's Twitter account @sohtionghum was ranked #23 out of The Top 70 Twitter Accounts To Follow In 2015 by MahiFX.   Disclaimer notice: "I do not have a financial advisor's license. I am not qualified by any regulator to give financial advice. I do not know you the reader. Your investment means and motive may be different from me. My posts here are based on observations and meant for education. I am not responsible for for any consequence from your actions."
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