Good morning traders,
Todayi am looking at shorts on NZDUSD. We are in a daily bearish channel showing that overall the dollar is stronger, although within that we have this smaller timeframe bullish channel.
We have noticed a rejection of making new highs on the 4hr TF showing that price should see some reaction back to the downside. I do have some areas in the short that i will be monitoring and the TP target is a bit of a stretch and will be managed but overall we think this pairshould see some bearish movement this week.
Todayi am looking at shorts on NZDUSD. We are in a daily bearish channel showing that overall the dollar is stronger, although within that we have this smaller timeframe bullish channel.
We have noticed a rejection of making new highs on the 4hr TF showing that price should see some reaction back to the downside. I do have some areas in the short that i will be monitoring and the TP target is a bit of a stretch and will be managed but overall we think this pairshould see some bearish movement this week.