Hey guys,
i'm paying attention to NZDUSD this morning since it presents a good opportunity to short with the proper signal. Price is up to retest a daily structure level and is finding some troubles breaking through. The Rsi divergence also confirms our view: as we go down on lower timeframes such as 4h you can see the recent upmove tried to break the recent highs without being able to close above that 4hr resistance. In fact, the selling pressure shown with the long wick tells us that bears are coming and that we need to be careful. Let's see the next candle and then i'll decide.
I'll keep you updated, as always.
If you have ideas or comments, feel free to write below.
Otherwise, see you in the next chart!
i'm paying attention to NZDUSD this morning since it presents a good opportunity to short with the proper signal. Price is up to retest a daily structure level and is finding some troubles breaking through. The Rsi divergence also confirms our view: as we go down on lower timeframes such as 4h you can see the recent upmove tried to break the recent highs without being able to close above that 4hr resistance. In fact, the selling pressure shown with the long wick tells us that bears are coming and that we need to be careful. Let's see the next candle and then i'll decide.
I'll keep you updated, as always.
If you have ideas or comments, feel free to write below.
Otherwise, see you in the next chart!
Comment:
Nice engulfing candle, but let's wait one hour and see how price will react to news release. Ideal entry point is around 0,7310
Comment:
order placed:
Trade active:
Trade closed: target reached:
First target hit! Stops moved to breakeven now.