NZDUSD: Short before NFP

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
413 11 10
There is a strong downtrend in this pair, and I consider it highly probable to see a new move down, completing the 1.618 extension of the last swing, which also matches an AB=CD proportion from the first swing down to the mode of the downtrend (most frequent price or accepted 'fair' value, based on Tim West's approach).

The signal is clear so I will set my orders the following way:
-Sell stop order under the previous daily low
-3 Limit sells at 0.751, 0.752 and 0.753 in order to capture the retracement high if any.
-Order size is picked based on having a 2.5% loss if all stops get triggered.

Good luck!
Is this one still valid?
IvanLabrie PRO Yahia.Awes

Weekly shows a potential bearish setup but needs to trigger my entry rules.
Daily shows a pretty bullish correction but I won't suggest buying into it yet.
I'm long eurnzd for instance, and it's working.
IvanLabrie PRO IvanLabrie
I'll update if I think it's time to go short again.
Cancelled pendings, waiting for news.
Update: potential scale in opportunity if price retraces to 0.744. If it doesn't it's still a valid sell, targetting the following lows:


Deadline is the red vertical line.
Still on the trade, covered 70% at the lows. BE stop now.
nice one:)
about targets, i plotted below more agressive Neely`s waterfall levels
Looks good ;)
As expected, we have wave i and ii of 3 complete...Time to scale in:

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