Get The Ultimate Guide to Price Action Trading

  • How to decode what the markets are telling you so you can identify high probability trading setups—consistently and profitably
  • How to identify hidden strength and weakness in the markets so you can “predict” market reversals before the crowd
  • A simple trading strategy that allows you to profit in bull & bear markets (without any indicators)
__CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"62516":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default Palette","value":{"colors":{"62516":{"val":"var(--tcb-color-0)","hsl":{"h":20,"s":0.99,"l":0.01}}},"gradients":[]}}]}__CONFIG_colors_palette__
Yes, Give it to me

Oversold? But I’m Still Shorting 

 October 8, 2014

By  Rayner


On Weekly we can see that Nzdusd has dropped more than 1000 pips over the last 3 months. It has broken 2 key support levels and is currently testing 0.7700.


On Daily we can see price forming lower highs and lower lows which is a clear indication of a downtrend.


On 4 hour the 0.7925 is a key area to watch. For the bulls to regain control, price needs to break and close above it.

Since price has not break and close above 0.7925, I’m still looking to short this pair.

You can look to establish shorts if price does get back towards the green zone.

Trade Safe!


{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}