Hi guys,
here we are on the hourly chart on NZDUSD. As you might imagine, i'm looking to short this market at the blue line, because i think we could be heading lower in the nearest future. The yellow box on the background signals a resistance area of the daily timeframe and here i went down on a lower timeframe to seek for sell signals: in this case you can see price has been consolidating a little bit in this area and has now broken to the downside the lower trendline, together with an RSI divergence. If the price will rise back, i'm going to short it, with stops above the highs, and targets as shown on the chart.
If you have questions/ideas, feel free to comment below.
Otherwise, see you in the next chart!
here we are on the hourly chart on NZDUSD. As you might imagine, i'm looking to short this market at the blue line, because i think we could be heading lower in the nearest future. The yellow box on the background signals a resistance area of the daily timeframe and here i went down on a lower timeframe to seek for sell signals: in this case you can see price has been consolidating a little bit in this area and has now broken to the downside the lower trendline, together with an RSI divergence. If the price will rise back, i'm going to short it, with stops above the highs, and targets as shown on the chart.
If you have questions/ideas, feel free to comment below.
Otherwise, see you in the next chart!
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