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FXLondonAnalysis

NZD/USD Possible Short

Short
New Zealand Dollar / U.S. Dollar (OANDA:NZDUSD)  
FXLondonAnalysis  
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
- Bearish market structure with Lower Highs and Lower Lows being created.
- A pullback to a key level of resistance and looking to reject it on the 4hr.
- Take profit below previous low so as to be the new Lower Low created, stop-loss above previous high and resistance level.
- Nice tight stop loss for a 1:11 RR trade.
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