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Continuation of bearish trend in nzdusd

Short
New Zealand Dollar / U.S. Dollar (FX_IDC:NZDUSD)  
Quickdux  
FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar
2
0
Potential continuation of bearish momentum on nzdusd presents a potential low stop with large limit

List of probabilities
  • Bearish sentiment
  • price below 50 EMA on daily, 4hour, 1hour
  • Price on hourly has rejected descending trendline
  • Price on hourly has rejected 50EMA respectfully
  • Hourly hightest candle on 50EMA

Event Triggers
  • Momentum must show resistance at 50ema on hourly chart
  • Secondary resistance candle must form on 50ema
  • Market cannot gap on Sunday's open
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