A short trade opportunity recently presented itself on the kiwi-dollar trading chart 📉.
This is indicated by the bearish engulfing candlestick 🕯️ pattern just on the 0.60210 horizontal resistance level.
This indicates a false breakout (fakeout) of the same level, with potential price move in the downward 👇 ⬇️ direction.
Sufficient downward momentum should see price dumping towards the 0.59000 psychological level and possibly testing the strength of the 0.58590 horizontal support level.
As always, please apply appropriate risk management.