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minhdang3264
Jul 27, 2019 12:36 PM

NZDUSD: Short Short

New Zealand Dollar/U.S. DollarFXCM

Description

Multi timeframe analyze: Short
- Wait for a clear break/ sell signal
- Weekly: seem like a weak uptrend
- Daily: Uptrend recently with RSI divergence
- H4: Better view from Daily
- H1: Buy signal
- End of week: Price touch resistant
--> Next week: Go up a bit then Drop
Or: Drop with a pull back

However next week news are very important (Fed's, GDP,...) so may change completely the current trend. USD is predicted to grow stronger, so Downtrend is still likely (to me atleast)

Trade closed: target reached

Matched prediction
Comments
TradingShot
I agree. Technical short if this level breaks.
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