Get started
amanpaulbhogal

Short Kiwi

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
amanpaulbhogal  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
high-test-bar 20ema-rejection Support and Resistance Trend Lines 786 Fibonacci Retracement stochastic-bearish-divergence rsi-bearish-divergence
4
0
high-test-bar 20ema-rejection supportandresistance trendline 786fibonacciretracement stochastic-bearish-divergence rsi-bearish-divergence
Reasons to short USD/NZD:

- high test bar close
- 20 ema rejection and close below
- resistance (~6700)
- downward trend line rejection (third bounce)
- 0.786 Fibonacci level rejection and close below
- Stochastic and RSI hidden bearish divergence

entry - below low of high test bar
stop loss - above high of high test bar
target - previous swing low or lower

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.