scalony
Short

NZDUSD short trade idea

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
114 0 0
Te             resent move to the upside on NZDUSD             seems to loose steam. Recently CCI produced divergence. Furthermore we are not far from the resistance at 0.8770. It looks to me like a good risk to reward trade. The better entry for this trade would be at prviously mentioned resistance 0.8770 but at the moment it is impossible to say if the market will produce another push to the upside to reach this level. So I will enter right now with half of my usual position and place the pending order at the resistance.

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