As you can see on the NZDUSD chart in front of you the price direction is bearish and that is because of the down channel taking place .
According to the Donchin channel on the chart the Top side of the channel was the last level to be hit by a candle which means that if a trade is to opened now a sell order would be recommended and the low side would be considered as a take profit .
As for the Awesome oscillator's signs it appears that the trend is going to be bearish one and that is because the Awesome oscillator is giving a red sign above the 0 level .
Also the stostatic is makes a sell cross near the 80 th level which means a bearish trend will be taking place .
As a conclusion I recommend a sell order as soon as you get a confirmation from the stostatic and the awesome oscillator targeting the low level of the Donchin cannel .
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