Possible NZD/USD SHORT trading opportunity
NZDUSD BULLISH run since the start of the week may possibly come to an end as it hits DailyR1 resistance and the well-defined trend line from mid April.
RSI readings are not overbought so the BULLS may be able to push higher but they will be coming increasingly BEARISH pressure from SELLERS.
If we have some candles closing under the 5m 200 sma I'll get SHORT on this pair.
RSI readings are not overbought so the BULLS may be able to push higher but they will be coming increasingly BEARISH pressure from SELLERS.
If we have some candles closing under the 5m 200 sma I'll get SHORT on this pair.