OANDA:NZDUSD New Zealand Dollar / U.S. Dollar
Based off of our Fibonacci drawn on the H1 time frame, we can clearly see an opportunity for Bears to enter right now by the 38.2 level of the Fib. If you decide to take this trade plan, feel free to set your take profit levels between the 138.2 to 161.8 level. If you pull yourself to a higher time frame (daily or weekly), you can see that at that 161.8 level, there were multiple times that price touched that level. To ensure you secure your profits, make sure to exit at that level once it reaches.