PriceActionTrading
Short

NZDUSD JUST AN OUTLOOK H4 D1

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
50 0 2
UPDATE: FOMC SCRAMBLED THE MARKET.

H4 NZDUSD             REJECTED TWICE FROM 50% FIB.
BEAR ENGULFING H4 FORMED AT 50% FIB.

NOTE:
REASONS NOT TO TRADE THIS SHORT.
20 SMA IS POINTING UPWARDS AND PRICE IS TRADING ABOVE 20SMA AND 50SMA.
RISK REWARD IS NOT FAVOURABLE.
HUGE HUGE BULL PIN BAR D1.

JUST AN OUTLOOK THAT REQUIRES FURTHER PRICE ACTION TO CONFIRM THIS TRADE FOR ME.
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