Short Term (Daily) Bearish play for NZDUSD!!!

2 Şub 2018

NZDUSD

• Short Term trade idea for NZDUSD
  Sell at 0.73250 for a drop towards 0.71340 towards 0.69590
  Stop loss at 0.74620
  
  Reason For Short
  Market close to and pulled back below descending channel resistance.
  Market currently below 0.73250. This is the 23% Fibo retracement level. A close below this level will strengthen the bearish play for a drop towards 0.71340 which is the 61.8% retracement of the whole move.
  RSI currently also shows some slight divergence and also some room for downside.

7 Şub 2018

İşlem elle kapatılmış

I believe the correction is over. Divergence on RSI is no longer. Cancelled my trade on this and managed to break even with no loss