FIBSII

2 Possible Shorts on NZDUSD 4H

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Hey guys,

Been looking at 2 potential trading opportunities setting up the past few weeks on NZDUSD 4H. The smaller Bat pattern with X @ 0.7200 has just broken the B point previous structure high, indicating we are likely to extend upwards - hopefully towards our entry at @ 0.7180 expecting a move down trading multiple target levels.

Looking at the larger Cypher pattern X @ 0.7310 I wouldn't expect this to complete this week, but perhaps early next week. However, given the overall bearish momentum, I am not expecting this to stay valid for much longer.

Of course though, we don't trade on what we think, we trade what we see. Keep an eye out on these opportunities!

Fibsii Team.