Hello traders! Currently watching NZD/USD; the previous trend was exhausted and abruptly reversed on 09/08/2016, crossed the 50 EMA on 10/04/2016, now possibly entering into a bear channel after rejecting the 20 EMA. Still waiting to enter as it's possible that price will move sideways; if that will not be the case I'll enter short setting a first t/p at 0.70 then see if a reversal patter will show, along with substantial deceleration. Hope you like this idea, wish you all happy trading!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.