PriceActionTrading
Short

NZDUSD SELL HIGH PROBABILITY

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
60 0 2
VERY NICE SETUP WITH FIBO, MAs AND PRICE(0.75 AND BEARISH ENGULFING REJECTION PATTERN)

D1:
PRICE MET RESISTANCE AT D1 50 AND 20 SMA .
THE SHARP MOVEMENT DUE TO FOMC YESTERDAY WAS CONTAINED UNDERNEATH THE 50SMA, PROVING IT TO BE STRONG RESISTANCE.
PRICE ALSO MANAGED TO CLOSE NEAR THE 61.8% FIB D1.
PRICE ALSO FAKED THE 0.75 LEVEL.

H4:
60 PIPS BEARISH ENGULFING FORMED CONFIRMING RESUMPTION OF BEARISH BIAS (SHORT/LONG TERM).
PRICE REJECTED FROM 0.75.
THOUGH PRICE IS TRADING ABOVE 50 AND 20 SMA H4, I TAKE THE D1 SMA AS OVERALL PRIORITY.

ENTER SELL @ 0.748. TRADE INVALID IF PRICE MANAGES TO CLOSE ABOVE 0.75 ON D1
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