Watching NZDUSD closely for a sell opportunity
We have been following NZDUSD for quite some time now.
There is hidden <span class="glossarylink">
<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=bearish" onmouseover="return overlib('In stocks, bearish means that the price of a stock is going down (or you think it will go down). Since forex is traded in pairs, bearish means the pr [...]');" onmouseout="return nd();">
<img class="inlineimg" src="https://www.forexpeacearmy.com/forex-forum/images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=bearish" onmouseover="return overlib('In stocks, bearish means that the price of a stock is going down (or you think it will go down). Since forex is traded in pairs, bearish means the pr [...]');" onmouseout="return nd();">bearish</a>
</span> divergence on W1 and <span class="glossarylink">
<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=bearish" onmouseover="return overlib('In stocks, bearish means that the price of a stock is going down (or you think it will go down). Since forex is traded in pairs, bearish means the pr [...]');" onmouseout="return nd();">
<img class="inlineimg" src="https://www.forexpeacearmy.com/forex-forum/images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=bearish" onmouseover="return overlib('In stocks, bearish means that the price of a stock is going down (or you think it will go down). Since forex is traded in pairs, bearish means the pr [...]');" onmouseout="return nd();">bearish</a>
</span> divergence on D1.
Also an up trend line on the H4. Our sell <span class="glossarylink">
<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=trigger" onmouseover="return overlib('In news trading signals, the minimum amount of deviation from expectations to make it worth risking entering a trade. Forex Traders Glossary [...]');" onmouseout="return nd();">
<img class="inlineimg" src="https://www.forexpeacearmy.com/forex-forum/images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=trigger" onmouseover="return overlib('In news trading signals, the minimum amount of deviation from expectations to make it worth risking entering a trade. Forex Traders Glossary [...]');" onmouseout="return nd();">trigger</a>
</span> will be the break and hold of the
4 hour trend linen along with the most recent <span class="glossarylink">
<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=support" onmouseover="return overlib('Support is a price level (often an area, not an EXACT price) that traders tend to buy at. This often prevents price from falling below this level, th [...]');" onmouseout="return nd();">
<img class="inlineimg" src="https://www.forexpeacearmy.com/forex-forum/images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=support" onmouseover="return overlib('Support is a price level (often an area, not an EXACT price) that traders tend to buy at. This often prevents price from falling below this level, th [...]');" onmouseout="return nd();">support</a>
</span>, which at the moment is
at 0.8450 level.
TP1: next up trend line on H4
TP2: Gap around 0.8140
SL: above last high
(if against the rules please remove the link, thanks)
Video Explanation: [video=youtube_share;ut4fL8NWBRQ]http://youtu.be/ut4fL8NWBRQ[/video]