7pasos

NZDUSD if breaks down, falls down

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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Look at this beauty:
1 In a resistance point 3 times fail to break above it
2 Momentum falls each time more showing divergences
3 If up trend line is broken the double top will be activated
4 If pay its proyection activate a triple top wider
I suggest open a sell at FIRST CLOSE below the 8275
Take some profits at 8155 and the rest let it run to take the triple top's proyection with a break even sl
Observe that the minimum normal fibo's retracement is at 8085 so the first target seems preatty secure but the
second one no, thats why i suggest to take profits at the 8155 support.

Comments

The conditions to enter into the trade never realized before a new high was in place, so this signal did not incurred in loss and is deactivated
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