NzdUsd short Idea
Still waiting on NU to reach a prz level for this week
Current price action is at the 23.6% fib level and is showing signs of bullishness on lower time-frames.
We would like to see this pair present an opportunity half way through the week. A rejection off of the 38.2% fib level as well as broken structure is what we are looking for.
Ideally we would like to see a strong reversal signal from this level, an engulfing or star pattern would be perfect which would solidify a daily double top pattern.
Our targets will be the -27% daily fib level & Monthly support around 0.60000 and our long term target will be the weekly support around 0.54650
Still waiting on NU to reach a prz level for this week
Current price action is at the 23.6% fib level and is showing signs of bullishness on lower time-frames.
We would like to see this pair present an opportunity half way through the week. A rejection off of the 38.2% fib level as well as broken structure is what we are looking for.
Ideally we would like to see a strong reversal signal from this level, an engulfing or star pattern would be perfect which would solidify a daily double top pattern.
Our targets will be the -27% daily fib level & Monthly support around 0.60000 and our long term target will be the weekly support around 0.54650