NZDUSD Short \\ Lower Timeframe (Hourly)

11 Nis 2018

Price has trended nicely and moved through to the 1.618 Fibonacci extension level. We've seen a slow down and a failure to break past 0.7380 which appears to be a nice resistance level. We are overbought on the MM oscillator. Volume showing a switch to selling dominance. Expecting good drop with a good RR ratio of over 3.5 (but could definitely get more if we move through MM levels without sign of trend continuation)