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VladimirRibakov
Feb 8, 2018 5:55 PM

NZDUSD Sell Idea Short

New Zealand Dollar/U.S. DollarFXCM

Description

H4 - Special cycle retrace reached the 38.2 - 50% zone. No bullish evidences, we may expect this bearish momentum to continue.

H1 - Price broke at the bottom of the channel, In addition this, we had triple cycle down, double cycle up and we got breakout of the uptrend line.

No bullish evidences, we may now look for pullbacks to happen with hidden bearish divergence and then we can start looking for sells.
Comments
makromoo
Thanks, Vlad, this should be a nice trade!
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