Cabot101Management

A peach of a trade here .....

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
This is when the odds stack in your favour ,

RSI @ overbought levels/ hitting both price resistance and T/L resistance.
On the main chart we have the T/L of the upper part of the channel on the candlesticks ,

whats stopping it from moving well :

Price previous support is now resistance
T/L resistance
Then the 200MA :)

Keep an eye on the candle close of the day for an entry short , hopefully we get a Doji shooting star but we'll see.

Trade rating 9

Stay tuned I will let you know ......
Comment:
Comment:
next zone coming up no indidcation right now the buyers are slowing down , waiting for a clear signal to sell at the right time ....
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