jmcholdings
Short

Bearish Setup on NZDUSD Weekly Chart

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
A current short setup with the NZDUSD             with a bearish engulfing pattern on the weekly chart following the previous shooting star pinbar on the weekly chart. These have strong confluence as they are at the 50% fibo retracement level and also at or below the 200EMA. As a speculator, I speculate we will see this return to or go near to the previous low of 0.6200.
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