Continuation of bearish trend in nzdusd

١٧ يناير ٢٠١٦

Potential continuation of bearish momentum on nzdusd presents a potential low stop with large limit

List of probabilities

• Bearish sentiment
  
• price below 50 EMA on daily, 4hour, 1hour
  
• Price on hourly has rejected descending trendline
  
• Price on hourly has rejected 50EMA respectfully
  
• Hourly hightest candle on 50EMA
  

Event Triggers

• Momentum must show resistance at 50ema on hourly chart
  
• Secondary resistance candle must form on 50ema
  
• Market cannot gap on Sunday's open