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NZDUSD 4H RANGE TRADES

New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
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FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators rangetrading breakouttrading 50sma 100sma sellstop takeprofit tradingstrategyguides NZDUSD 4h
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trendanalysis chartpattern indicator rangetrading breakouttrading 50sma 100sma sellstop takeprofit tradingstrategyguides nzdusd 4h
Price is above 100 sma

Price could continue up to the 50 sma
Price usually moves sideways awhile when in-between 100 and 50 sma
Price may breakout above 50 sma and retest range top
Enter bullish breakout on a 15m chart with a break-hook-go candle pattern

Price could fail above 100 sma and cross below it again
Sell Stop @ 1.6725
Sell Take Profit @ 1.6690

Find appropriate SL
Comment:
Price consolidated sidways and then broke bearish - trade entered
snapshot
Comment:
Price has consolidated around entry point
Macd is over-sold so price may rise back up to 100 sma
There price will either break above 100 sma or bounce short again
snapshot
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