Price is still consolidating as i see it! And next move down could come any time soon! Later todar we have NZD CPI and that could trigger the so waited down movement! Right now price is respecting this zone with a megaphone pattern ! Entering short here with 40pips SL !
What do you think?? Care to comment? join me on telegram so we can discuss other analysis aswell!! t.me/tradingbayfx
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Reinforced my entry now with price touching the resistance line of the pattern! SL is up to .8750 !
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Price holding well on 0.382 fib!
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Closed first entry with +70pips
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Second entry running +100pips! Waiting to see if price will rspet trendline one more time or will it continue its way down!