EURNZD - PICTURE PERFECT DOWNTREND - SHORT
It doesn't look any better than this folks. All the right
ingredients here for a trend continuation play:
1. Shorting into a downtrend.
2. Price is using 20-SMA as dynamic resistance.
3. RSI up in relative overbought area.
4. Doji candle nearing completion on the hourly.
Time to SHORT. . .
NOTE: I'd put stop loss just above 20-SMA level.
ingredients here for a trend continuation play:
1. Shorting into a downtrend.
2. Price is using 20-SMA as dynamic resistance.
3. RSI up in relative overbought area.
4. Doji candle nearing completion on the hourly.
Time to SHORT. . .
NOTE: I'd put stop loss just above 20-SMA level.
