dannykorytkowski

NZDUSD Possible Midweek Reversal?

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Looking at NZDUSD currently. We're seeing a potential double top at our 78.6% retracement, which is also our neckline before our initial sell off 3 weeks ago. Our overall trendline has been broken and retested. Our last 4H candle had engulfed the previous 2 candles, showing sellers entering the market. I'm currently waiting for the high to be wicked, and the early sellers stops hit before the drop. Looking for an entry at .69000. My overall target is our 127.2% extension at .66850 area.
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