NZDUSD: Positioning Hints Sellers Set to Return
Strategy: Pending Short
NZDUSD may be carving out a top below 0.7180, the 01/22 wick high, with prices showing a Shooting Star candlestick formation. This is a relatively weak signal however and requires confirmation so we will look for a bearish close o the current candle before moving forward with entering a short position.
To discuss these strategies with other traders, please visit the Candlestick Forum
To receive future articles by email, please contact Ilya at email@example.com
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.