UPDATE: FOMC SCRAMBLED THE MARKET.
H4 NZDUSD REJECTED TWICE FROM 50% FIB.
BEAR ENGULFING H4 FORMED AT 50% FIB.
NOTE:
REASONS NOT TO TRADE THIS SHORT.
20 SMA IS POINTING UPWARDS AND PRICE IS TRADING ABOVE 20SMA AND 50SMA.
RISK REWARD IS NOT FAVOURABLE.
HUGE HUGE BULL PIN BAR D1.
JUST AN OUTLOOK THAT REQUIRES FURTHER PRICE ACTION TO CONFIRM THIS TRADE FOR ME.
H4 NZDUSD REJECTED TWICE FROM 50% FIB.
BEAR ENGULFING H4 FORMED AT 50% FIB.
NOTE:
REASONS NOT TO TRADE THIS SHORT.
20 SMA IS POINTING UPWARDS AND PRICE IS TRADING ABOVE 20SMA AND 50SMA.
RISK REWARD IS NOT FAVOURABLE.
HUGE HUGE BULL PIN BAR D1.
JUST AN OUTLOOK THAT REQUIRES FURTHER PRICE ACTION TO CONFIRM THIS TRADE FOR ME.