Potential Short pos. on NZD/USD Short

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Jun 11, 2017 12:59 PM

Reasoning:
-We've got a symmetrical triangle but judging by the indicators (Bearish Divergence) the pair looks like it will breaking out to the downside
-TP target would be set on the still fresh demand zone, a little higher up from S1 pivot

Order cancelled

⋅ Aug 4, 2017 3:43 PM

Relative Strength Index (RSI)rsi-bearish-divergence Triangle Demand Zone