This trade breakdown is by Connor Ballinger, a member of the Duomo Team supporting our Premium Members. This market was covered in a live stream inside our Members' App.
This was a break down for NZD/USD trade opportunities on 01 July 2020.
Weekly Time Frame
The analysis shows us that we are clearly operating in a bearish market and there is a possibility that the next leg down has already begun, we may also be heading for a re-test of the unconfirmed trend line.
Daily Time Frame & Potential Outcomes
The below screenshot shows the daily time frame and the main outcomes that I considered most relevant at that time.
1-Hour Time Frame & Possible Opportunities
In this screenshot, I detail which of the potential outcomes I will be considering as tradable and will be following within this market.