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Rabee78

4H - Engulfing bearish candle @ 4h resistance

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
Rabee78 Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
3
0
Here on the AUDNZD we have a counter-trend setup. The market has been trending up for the past couple of weeks and has now run into a previous level of resistance. The market put in an engulfing candle at this previous level of resistance which shows selling pressure at this level.
Comment:
CLOSED @50% OF TARGET BY TRAILING STOP

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