NZDUSD Rejection?

When my USD Bias changes to bearish, I will consider this short opportunity, the move slows down towards the resistance, combined with good deceleration. First target should be at 200 EMA or 0.70000.

Waiting for more confirmation, always let the market make the first move.

Trade active:

There is a high possibility that this move will pullback from the EMA's, have patience and let the market do its job. Around the 200 EMA and 0.71000 is a good area to bank some profits.

Comment:

As expected, the pullback is finally starting, with a chance to create a dubbel-top pattern at the 0.73200 area. IF the market shows its hand with a clear rejection, there is a decent chance for a second entry short.

From a bull perspective, the market has to show a break and clear retest of the 0.73200 price area. Clearing out a lot of stop-loss orders above the highs could bring the market up in a high volatile way.

Sit on your hands if you missed the previous short trade,

Conclussion: Expecting a bull move and deceleration around the 0.73200 area, from there I'll wait for more confirmation about the direction the market wants to go.

Save trading. Just sharing my opinion.

Trade closed manually:

Market reached price area 0.70, For me the trade is done. The market shows a clear rejection candle from this key support line.

Just sharing my opinion.