SteveNixon
Short

Potential ending diagonal setting up a short trade entry

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
An Ending diagonal can often be used as a trade entry set up. This particular situation needs a further push up before we can look for the short break out. The dollar is currently correcting last weeks push up so perhaps tomorrow or Wednesday we'll see this pair move short. Look out for development of the divergence between price and MACD .

This is not investment advice.

I'll update this idea as it develops

Steve Nixon
Trainer & Mentor @logicfxtrading.com
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