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TarbzFX
Aug 13, 2017 11:23 AM

NZDUSD Short Position 4Hr Timeframe Short

New Zealand Dollar/U.S. DollarFXCM

Description

• Weekly- bearish breakout from bullish trend
• Daily- breakout from rising wedge
- MACD crossover signalling bearish move
- Retest of 38.00% fib level
• 4 Hour- bullish move towards 38.80% fib which I will look to take short position from
- This is further signalled by bullish crossover
• Hourly – MA about to crossover and will look to short once pullback is broken
• Verdict – will look to short once pullback is broken.
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