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Jul 4, 2018 9:40 AM

NZD USD short opportunity 4H Short

New Zealand Dollar/U.S. DollarFXCM

Description

Market has broken the daily support and now in downtrend ,,,
we have a pin bar formation just below the 50 EMA which is very good indication for continuation of down trend
we can enter in this market now with stops above the swing high of 20 pips
good luck

Trade closed: stop reached

Comments
SonicDeejay
NU

It went below the strong support of 0.68 and a lot of Buys' SL are triggered.
It seems like we are on the reversal mode for now and it should be able to see 0.688 level as strong resistants.

DO not short for now, it is better to wait at the higher significant level.

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