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mohsenfx
Sep 18, 2020 3:46 PM

NZDUSD : Best place to short / 150 pips with good risk/reward. Short

New Zealand Dollar/U.S. DollarFXCM

Description

as you can see price reached a strong weekly resistance wich you can have a better look in weekly TF .
RSI shows us a good divergence wich signaling end of current bullish trend.
There is a possible double top structure wich confirm only when its neck line breaks.
So our targets are : 0.66200 , 0.64400 (if price closes under neckline) and lasts target is about 0.62000.
Don't forget to like and leave me any questions, comments or observations, thank you.

Comment

Reached our first target , 150 pips!!

Comment

had pullback on neckline , monitor for reversal signs.
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