NZDUSD Analysis
Confluences to possibly go Short (sell)
1. Overall, we are in a bearish trend.
2. Created and holding this resistance zone very nicely. Forming triple-top. As well as holding the trend line to the downside.
3. In the Golden Zones (0.618 and 0.5)
Looking for a move to the downside, entered this trade on the 1hr timeframe because an engulfing bearish candle closure.
1R:4R
Happy Trading!
1. Overall, we are in a bearish trend.
2. Created and holding this resistance zone very nicely. Forming triple-top. As well as holding the trend line to the downside.
3. In the Golden Zones (0.618 and 0.5)
Looking for a move to the downside, entered this trade on the 1hr timeframe because an engulfing bearish candle closure.
1R:4R
Happy Trading!
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