kiwiwalnut

NZDUSD - Short Setup

Short
kiwiwalnut Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
1
One more move up before prices NU drops.

Current view is bullish with recent PA rejected at fib confluence @ 0.6816 level before hitting EMA 50 ( usually a weaker support ). A break of the same resistance will clear move to next confluence area and upper TL where entry is set.

Some hidden divergence forming - still weak atm but something on watchlist
Comment:
Expecting a bounce when PA hits EMA200 and retest same resistance that it just broke ; which will now be new support
Order cancelled
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.