NZDUSD H4 - Trendline Short Entry

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD has been declining since the 4th of December. We've been steadily retesting previous resistances and creating Lower Highs and Lower Lows.

Current price aligned with the trendline , 200 MA, Resistance zone , 38.2% Fibonacci level, furthermore it is in a Bearish trend . If we see slow down of momentum of the bullish corrective movement and candle stick confirmations we will enter a Short Entry.

As always we have multiple targets.

Target 1 is placed at 0.67352
Target 2 is placed at 0.67063

Happy Trading

Order cancelled: Price stalled but didn't follow with any candle stick confirmations for a short entry.


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