NZDUSD - H4 - SHORT
Updated
TDI crossing at overbought levels and CCI showed a nice decrease in bull strength with an obvious bearish divergence. Perfect trade moment.
This pair correlates somehow with AUDNZD of which im calling a long. Just nice, this pair gives me the confidence that AUDNZD will recover.
This pair correlates somehow with AUDNZD of which im calling a long. Just nice, this pair gives me the confidence that AUDNZD will recover.
Trade active
Note
Held on to my trade since friday, was a bad hit by the poor NFP result however, the retest of the bull channel trendline shows many sellers entering. If the trendline proves to be a good resistance, it is safe to say that the pair will resume back it's downtrend with a confirmation of bear bias.
Trade closed manually
Real bad loss on this. Sadly, the bet on the rate cut went wrong.
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