jessi061
Short

NZDUSD bull exhausted? Retracement play?

OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
A small swing short idea. It seems like exhausting bulls and retracement/pullback/correction whatever may be a scenario. Overall it may have bounced from a demand level of higher timeframe so this idea may only be focused on playing the retracement of this overall bullish trend . Everything is clear where we exit? If monthly pivot R2 is crossed by price. Where we take profit? Targeting right at 38.20% fibo retracements. Be careful with your position sizing and money management if you intended to take the trade. Just an opinion, not a fact risk on your own and good luck! A happy great new week to all fellow traders!
SANJIT GURUNG
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