CBR Key Level + Fibo 261.8 will be the critical decision point.
Looking for Reversal Pattern when it reach to that zone. (If the zone does not break)
This might be temporary pullback. We will see.
Looking for short...
Shorting based on broken trendline, the trendline is being tested as I write this.
Am expecting some consolidation in the consolidation box and a rally to the downside.
On the daily time frame we can see the NZDUSD have formed a wedge pattern (larger than I earlier realised). If we also look we can see bearish divergence. I have entered short again on this pair.
If we look at the NZDUSD chart, we can see a spike up through the edge of Bearish wedge, before being rejected. This should lead to another Bearish impulse move lower.