Get started
UnknownUnicorn387072

Bearish Setup on NZDUSD Weekly Chart

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
UnknownUnicorn387072  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD Bearish Patterns short Exponential Moving Average (EMA) Engulfing Candle Shooting Star
2
0
nzdusd bearish short ema engulfingcandle shootingstar
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.
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.