NZDUSD maybe BEARISH

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maybe not too late
wait for retracement

That big bear bar to me is bull give up bar, meaning weak bulls who were still long giving up and finally closing their trades. To me that signals the start of a trend down and I always look for a measured move down. That is a move that is equal to the first move from the top of the trend to the close of that big bear bar.

You could wait for a pull back and you may get a small pull back. However I feel confident that if you get that first pull back it will fail and the bears will take the price lower.

Cheers

Blackduck

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