NZDUSD Sell Opportunity

14 Nis 2018

The DAILY candle close was a bearish engulfing candle indicating sellers are taking control. However, we have to know any sell opportunity is temporary due to the DAILY timeframe moving averages still being bullish. With the DAILY engulfing candle, we see a crossing of the moving averages on the H4 and H1 timeframes. The short term sell opportunity targets will be in between the 38.2% and 61.8%.