Planning to short between 103-103.20. I am expecting another strong pull back for the markets so this should come down with the markets. USD, YEN, and funny enough CAD(Bounce) strength is expected over the next coming days.
Seems like bit coin wants to come down to its long term trend line. Even though I think its just a fraud but if it comes down to 200-225 range then might be good to trade! and if the fall doesn't slow down then the long term trend line is around 150 roughly.
Depending on your risk tolerance, Either short here or wait for the price to hit the upper TL. NZD has been strong and rate rise is expected soon so its wise to take a small position. Most of the times currency pair trade in a range unless something changes fundamentally. SO this trade is based on a range and if it works out then there is a great R:R there.