Hello traders,

today I would like to analyse for you NZD vs USD. As you can see on the chart, Thursday candle was almost textbook bearish engulfing bar. Engulfing bar is at swing high (resistance at 0.8625), engulfed whole previous bar and if you compare Thursday engulfing bar with previous candles you will see that it is big and important candle ( 90 pips ).

First target could be around 0.8500, stop loss above Thursday high (around 0.8645).



Last three days of monthly contest in front of us so it is time to boost focuse and be selective.

Safe trading and be patient !

Paweł
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