NZD-USD-SELL
NZDUSD | SHORTING THIS TRADE MAKES SENSE Hey Traders,
So this trade looks like a good selling opportunity, especially if it closes as a bearish engulfing for confirmation towards the downside.
Monthly, weekly and daily moving averages well above the candlesticks showing further bearish pressure.
It recently had a pullback from the daily moving average or 4h 200 so it seems to have had a push exhaustion push scenario going back down.
It also broke out our recent up-trend