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NZDUSD Ready for Bearish Momentum

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Dollar New Zealand / Dollar AS (OANDA:NZDUSD)  
xXxD3LCOxXx  
OANDA:NZDUSD   Dollar New Zealand / Dollar AS
Support and Resistance Trend Analysis Multiple Time Frame Analysis breakofstructure Bearish Engulfing retest
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supportandresistance trendanalysis mtfa breakofstructure bearishengulfing retest
Based on timeframe analysis, this a intraday short trade centered around :

  • Break of Structure on the H4, H1 and M15
  • Test of a strong daily resistance level
  • Bearish engulfing candlesticks showing a change in trend momentum
  • Retest of the break of structure before continuation of new trend

I also showed my projected stop loss and take profit areas. Be sure to use proper money management when trading, its the most important part.
Happy Trading.
- Delroy
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