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arif_awan
May 1, 2016 2:36 AM

Potential short area!!! Short

New Zealand Dollar/U.S. DollarFXCM

Description

strong short from top of the channel.

Comment

last hope for nzdusd.
Comments
julia17

i see break, but looks like false.
so, also wait 0.760 zone.
arif_awan
you right julia,,,thats nice chart, have to wait today's closing if its above the broken line,,, its gonna be long otherwise its pretty much short. coz it has broken longterm trend line and all other technical indicators pointing short too.
arif_awan
arif_awan
this time distance from the moving averages is way too much than last time which is sign of more sell off and would be nice oppertunity to short if price retrace back to those moving averages coz there is divergence in h1 h4 moving averages which wont let the price go up easily.
julia17
yeah, need to look daily close today to determine false or not.
arif_awan
absolutely.
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