The indicators are all here showing NZDUSD
had a great run up. I will be shorting it to the first trend line
, if that breaks I will continue holding till the second trend line
. Watch this 4h candle closely. If it closes as a bear engulfing
candle then it is a sure sign of a reversal. I am also testing a new system on daily fractal
trading, my current positions there are short GBPUSD
and long GBPJPY
. Very small positions as I am testing this trading theory but I do like the idea of trading the daily candle at the beginning of the day and catching the entire days move.