NZDUSD Short Opportunity
Price has formed a big bearish engulfing candle on the daily chart after hitting a very strong trendline. On the 4 hour priced has created a pinbar at the 61.8 fib level and it looks like it will keep going down. I will be selling NZDUSD on a close below the swing low of the fib retracement at 0.7222 which is a very strong S&R level, which will also violate the smaller 4 hour trendline.
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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.