NZD/USD : Major short area reached

The price arrives on the SMMA 100 in Daily, the RSI is approaching an overbought zone in Daily, after a rise of 10% the price has reached a sell zone, we must not forget that despite the rise on some pairs we remain in a bearish trend , the price has consolidated a little last week, so an interesting movement could result this week, currently 62% of retails are sellers, but they were sellers all the rise 😅 In this case of figure it interests me to sell even if in general I like to go to the opposite of the retails, with the arguments given I am convinced that after the loss of all the retails for several we can start to really sell 👍 We are in addition to that on a zone of very interesting volume

Kommentar:

I was able to secure some profits and then BE some positions, following the various announcements the NZD was very positive this week, I was expecting it at the fundamental levels but not at this point.