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kiwiwalnut
May 11, 2016 12:08 PM

NZDUSD - Short Setup Short

New Zealand Dollar/U.S. DollarFXCM

Description

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

Comments
BLUE43
nice
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