NZDUSD might reverse soon for at least a nice correction with a higher than 2/1 risk/reward. Potentially it might be result in way more than that 2/1 risk/reward if we see a break of the structure of larger degree.
However this pair extended several times so let that be a warning.
However this pair extended several times so let that be a warning.
Comment:
Looking for a bigger correction (time wise)
I like to see a more significant correction (either time or price wise) before selling again. If however price accelerates lower I wait for the next consolidation to add another sell position.