NZD/USD: 4 Hour Graph, midterm move up
FIB correction- the price reached level of FIB 61.8% of the long term short move - serious levels of resistance
Lower High from the previous top - signal for possible change in price tendency from long to short
Price action: Pin Bar on levels of resistance, Two equal pins and engulfing bar for potential for short move from here.
CCI(50) moves below 100 - giving signal for possible end and exaution of the medium term move higher
RSI moves below 70 giving also signal for possible short move
SL: 0.7256
Stefan D. Angelov - Head of Stocks Trading
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