Seafair-Capital-Management

NZDUSD Medium Term Short

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Technically NZDUSD may be entering a medium term short phase after the last bullish cycle. I have entered a short position now. The 4 hour relative strength index has been overbought recently and the momentum oscillator shows that bearish selling may be starting. Banks may be looking or entering heavy short positions soon.
Trade closed: target reached:
closed

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