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ChrisThein
Jun 22, 2016 1:49 PM

NZD/USD 240min Divergence and Daily resistance Short

New Zealand Dollar/U.S. DollarFXCM

Description

There is some RSI divergence on the 240 min chart that is running into some daily supply. This could be nice potential reversal zone. Price looks a little extended on the 240 and the daily. Although, be careful with the Brexit vote tomorrow, price could tear this level a new one. I'm looking to get short .7180 with my stop at .7225 and a target of .6872. Good luck trading out there
Comments
marcus123
im out because of Brexit, but if we close on the daily below .71664 this could be a nice short
ChrisThein
That's a smart move Marcus. I'm currently short, but I'll probably end up closing out just to be safe.
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