NZD / USD: Signal for falling

NZD / USD: 4 hour chart

Price under diagonal and horizontal resistance

Price Action: Pin Bar – a negative signal

50 / 200MA: 50 under 200 – a negative trend

CCI (50) rotating from area of over bought market – probably fall

SL: 0,71832

Alternative scenarios: if the price crosses above the shadow of the pin bar, we will probably see upside momentum to new levels of resistance.


 Varchev Traders

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