NZDUSD - Head and Shoulder and Rising Channel in Place

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Trading Confluences

• Price is at Daily Resistance Level
  
• Head and Shoulder Pattern at the Daily Resistance indicate lack of Buying Pressure
  
• A Rising Channel After a Strong Bullish Momentum Indicate that on-going Momentum is Fading
  
• RSI Divergence
  

Trade Forecast
Consider Going Short if Price Break Below the Local Structure Level Marked In the Chart

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