NZDUSD MACD DIVERGENCE TRADING OPPORTUNITY

Clearly you can Up trends been broken, divergence on MACD indicator and the price tending to go to the downside on the bollinger bands.I also noticed that the price is at current highs on daily view or 4H so you know the motto ''Sell High & Buy low''.The pair also is heavily correlated to EURNZD who is showing heavy bearish sign's. I've entered a short on Kiwi dollar at 0.6880 with a SL at 0.6950 and I'm gonna let it ride for couple of days or weeks.I will take profit on my position when I reached a point of 1:2 on my risk/reward ratio.I would love to have feedback's of my analysis or other point of views on the pair.

Kommentera:

Took generous profit on this. Trade closed