supercharged_fxd0
Short

NZDUSD Time to short it?

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
This time i found something interesting on the kiwi dollar. Notice how the High at A is just above the highs B and C, this is nice but not what i would like to see. Though it opens up the possibility for a short at A if price creates a PA signal while under the line. As it stands the formation at A, which is a known PA signal btw, is to high up and also above B+C. I wouldn't condone going short at support and that is what this currently looks like to me. But if this does set up, h4 charts work for that also mind you, there is some sweet potential in this one. If we would get a short move i think a target at D is something that i'd use. We will just have to wait some more days to see what happens here.
ZenMasterFX
2 years ago
NZDUSD is very bullish right now. Need to really break below 0.87260 for stronger move to the downside.
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supercharged_fxd0 ZenMasterFX
2 years ago
yes i think so also. but now i see 2 bear engulfing patterns and a pin rejecting the hihgs, the question is if to short here. currently rr 1:4. despite shorting previous support, though one could say it is broken now..
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