Balazs
Short

NZDUSD - 3 Reasons to Sell

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
93 0 4
It's a good idea to make a "case for entry" any time you consider entering a trade, rather than just closing your eyes and clicking buy or sell because of a "gut instinct". Of course we can still be incorrect, but over time hopefully right more often than wrong.

So here we go, 3 reasons to think about selling:

1. We're at the top of the main trend border anticipating a reversal, riding the next wave down (see image below)
2. We have a developing head and shoulders pattern (also indicating reversal)
3. We also have a smaller time frame (1 hour) double top and potential 2618 setup

snapshot
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