NZDUSD short setup
Price is testing the lower parallel of the slope that dates back to the 6th of may. If broken that would suggest an acceleration in the downtrend. If we get a close beneath that line (blue line) and the lower Quartile (gray line) of a the older slope (dating back to Jan 2014) then this trade is ON. Bollinger Band width is still going up suggesting that the downward move is not over yet, MACD is going lower and the price is trading between the 1sdev and 2stdev Bollinger bands confriming that the price is going lower. Good luck!
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