Technician
Short

NZDUSD: Time for a short!

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
I think NZDUSD             is likely to selloff in the coming days. The price hit previous major highs and resistance area but failed to sustain and was rejected noticeably. We hit the upper side of the rising channel , meanwhile, RSI is showing a negative divergence.

I placed a sell limit order around 40 pips away, for a better risk reward. The retails sales numbers are coming in few hours and if good may help the pair retrace higher towards entry.

All my ideas are just my personal view. Trade Your own view.

I have no incentive to post if i don't get enough support from you. Likes and comment. Appreciate your support..
You can SKYPE me at : Technician - The Forex Channel
My Regards,
Technician
Comment: U.S. retail sales pushing the pair higher. We are few pips away from entry.
Comment: Pushing back lower, Missed entry for few pips
Comment: Bounced but could be a new opportunity to short.
Trade active
Trade closed: stop reached
seems ripe for another go at shorting mate.
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Is it still active? Everything unchanged (in view of last movement)?
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There was a nice waterfall pattern on the 15m-30m chart about 11 hours ago. I'm in and will be adding shorts if this gets legs. Lets see if the 78.6 fib repels the action
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EdKunky EdKunky
Added more shorts at 7268
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Just this minute sold at 0.7280, need the data overnight to be kind...
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where is short nzdusd
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Hi Technician, you move your initial stop loss? New stop @0.7358 to give space to bounce?
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short now or wait for markt goes up?
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jpctop prince125700
Looking his comment "Comment. Bounced but could be a new opportunity to short."
I just shorting me ^^ Good luck!
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jpctop jpctop
I said nothing, I'm wrong! ^_^
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