NZDUSD: Time for a short!
I think NZDUSD is likely to selloff in the coming days. The price hit previous major highs and resistance area but failed to sustain and was rejected noticeably. We hit the upper side of the rising channel, meanwhile, RSI is showing a negative divergence.
I placed a sell limit order around 40 pips away, for a better risk reward. The retails sales numbers are coming in few hours and if good may help the pair retrace higher towards entry.
All my ideas are just my personal view. Trade Your own view.
I have no incentive to post if i don't get enough support from you. Likes and comment. Appreciate your support..
You can SKYPE me at : Technician - The Forex Channel
My Regards,
Technician
I placed a sell limit order around 40 pips away, for a better risk reward. The retails sales numbers are coming in few hours and if good may help the pair retrace higher towards entry.
All my ideas are just my personal view. Trade Your own view.
I have no incentive to post if i don't get enough support from you. Likes and comment. Appreciate your support..
You can SKYPE me at : Technician - The Forex Channel
My Regards,
Technician
Note
U.S. retail sales pushing the pair higher. We are few pips away from entry.Note
Pushing back lower, Missed entry for few pipsNote
Bounced but could be a new opportunity to short.Trade active
Trade closed: stop reached
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