akats Posted February 4, 2012 Posted February 4, 2012 Strategy: Pending Short NZDUSD put in a Shooting Star candle below resistance at 0.8374, a level that has acted as a significant barrier for price action since July. Negative RSI divergence reinforces the case for a downside scenario. However, the Shooting Star is a relatively weak signal by itself and needs confirmation before being considered actionable, so we will stand aside for now. Near-term support lines up at 0.8241. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.