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smartsociety
May 13, 2023 7:12 PM

Direction tells  Short

New Zealand Dollar/Canadian DollarFXCM

Description

-In treand at upper side , then returnned.
- Got SAR confirmation.
-At proved daily R area (we can see double tops).
- We have the lovely famous death cross 50/100 SMA.

Zooming to 4H chart , I excepct price to rebound up (to re-test 50sma at 4H as resistance) then when it fail we shoot it short.
It is preffered as well the above to occur after 50SMA cross 100 at 4H as weel , which I belive to happen.
Wait & see & Good luck :)
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