NZDUSD H4 - Trendline Short Entry
Updated
NZDUSD has been declining since the 4th of December. We've been steadily retesting previous resistances and creating Lower Highs and Lower Lows.
Current price aligned with the trendline , 200 MA, Resistance zone, 38.2% Fibonacci level, furthermore it is in a Bearish trend. If we see slow down of momentum of the bullish corrective movement and candle stick confirmations we will enter a Short Entry.
As always we have multiple targets.
Target 1 is placed at 0.67352
Target 2 is placed at 0.67063
Happy Trading
-Juff
Current price aligned with the trendline , 200 MA, Resistance zone, 38.2% Fibonacci level, furthermore it is in a Bearish trend. If we see slow down of momentum of the bullish corrective movement and candle stick confirmations we will enter a Short Entry.
As always we have multiple targets.
Target 1 is placed at 0.67352
Target 2 is placed at 0.67063
Happy Trading
-Juff
Order cancelled
Price stalled but didn't follow with any candle stick confirmations for a short entry.
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