jdenham24
Short

NZDUSD Sell Opportunity

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
The DAILY candle close was a bearish engulfing candle indicating sellers are taking control. However, we have to know any sell opportunity is temporary due to the DAILY timeframe moving averages still being bullish . With the DAILY engulfing candle, we see a crossing of the moving averages on the H4 and H1 timeframes. The short term sell opportunity targets will be in between the 38.2% and 61.8%.
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