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KB_MarketAnalysis

NZDAUD Approaching OB

Short
NEW ZEALAND DOLLAR / AUSTRALIAN DOLLAR (FX_IDC:NZDAUD)  
KB_MarketAnalysis  
FX_IDC:NZDAUD   NEW ZEALAND DOLLAR / AUSTRALIAN DOLLAR
Multiple Time Frame Analysis Support and Resistance Oscillators
5
0
mtfa supportandresistance oscillator
The pair is approaching OB and is currently on the previous swing low level that could turn into resistance.

Plan:

- Wait for a confirmation candle and a bearish momentum
- After confirmation, enter short with TP above swing high, previous swing low, or 50EMA.
- Trail stop until bullish momentum reversal

Things to look out for:

- 2H is approaching OB
- Strong daily bearish momentum
- Bullish daily candle yesterday have been rejected and turned bear
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