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NZDUSD Bearish Engulfing Formation on Monthly Chart
It's mid-October and NZDUSD bearish engulfing formation is confirmed on the monthly chart, as the pair continues below the Ichimoku cloud. With US elections getting closer and a bunch of New Zealand economic data on tap, what could be the best trading strategy?A lot happened on the NZD/USD Forex dance floor this month. First and foremost, and as Invest Diva insiders already know, the pair changed direction. On the monthly chart, the pair was held by the 50% Fibonacci level; the most gutsy Fibo level of them all. After forming a hammer candlestick pattern, the pair went on to form a bearish engulfing. Not only that, ... (full story)
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