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COSMAS_MOSES
Oct 30, 2018 11:25 AM

NZDUSD | LOOKING FOR SHORT OPPORTUNITY 

New Zealand Dollar/U.S. DollarFXCM

Description

From the bigger picture NZDUSD are downtrend . It good opportunity to find entry to go short within this downtrend .

Based on 1 hour chat . We can see price did making new higher high but then along the way buyer seem loss it power and seller coming in and making new lower low . This indicate price might only able to make higher low somewhere at 0.65581 .Moreover there is double top appear at 0.65581 , if price valid this double top then i'am looking for short at area of concern ( 0.65213-0.65085) .

For now , stay away from NZDUSD for a short time .

Disclaimer;
Please don't follow my idea trading without any proper plan and if do please consider the risk of losing money

Trade closed: stop reached

Comments
Sapphira
Great chart. Thank you for posting. Poor old kiwi lol
COSMAS_MOSES
@Sapphira, Hi thank alot for drop ur comment . Kiwi are fighting and keep rally and now price are at same level with previous HL .
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