Having a look on this Divergence AUD/NZD

FOREXCOM:AUDNZD   Australian Dollar / New Zealand Dollar
By the look of this divergence I reckon there is going to be an strong downside move.


Nice shout mate, how far down do you think it could go?
Nice. Thanks for sharing. Your post prompted me to evaluate based on my own methodology. I always look higher for possible reversal positions. So this 3D time frame is showing hesitance at the 50% Fib.
The 60 min time frame has being going horizontal for quite some time, suggesting uptrend exhaustion. I'd say it is a short for sure with a reasonably tight stop. That's all we can do. The markets are there to prove us wrong. We are here to limit how wrong we are. :)
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