price get back to the resistance
sign of going down after the break of previous low
Wait for nice price action , good looking bearish candle to entry
as long as resistance 1.71 hold the price. i'm looking for bearish
wait the price to go show bearish price action and we will get an short entry.
yesterday we can see a big momumtem candle break the structure:1.26235,and today the price is pullback
farther more,1 hour ago we can see an insidebar was up break,that's would be a singnal telling us, the bull power was take over the trend.
good luck !
higher low coming down to the 50 fib for a possible rejection for a bounce to the upside. Possible retest to the broken descending trendline as well. NZD news coming soon, will be watching for re entry
I was horribly wrong on the last schematic, so I'm trying to move much slower with this one.
I'm making a case for accumulation because I have not seen a sign of weakness yet. The bottom of the trading range is holding pretty well.