NZDUSD Short Order
NZDUSD - Short Reversal
Pros;
Monthly - Shooting start at resistance then bearish 2 months
with clear space until key support
Weekly - Space down until TL bounce/ break
Daily - H&S over the past several weeks then strong move down
- Breakt & retest of TL & 200MA - with Doji at this level
- US Dollar Strength - DXY
Cons;
- Nearby support level
- Fakeout of TL possible
Will manage trade carefully when in profit & trail with price action
Pros;
Monthly - Shooting start at resistance then bearish 2 months
with clear space until key support
Weekly - Space down until TL bounce/ break
Daily - H&S over the past several weeks then strong move down
- Breakt & retest of TL & 200MA - with Doji at this level
- US Dollar Strength - DXY
Cons;
- Nearby support level
- Fakeout of TL possible
Will manage trade carefully when in profit & trail with price action
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