Possible short set up forming on NZDUSD. Break of Bullish structure completed last week identified with red boxes. The initial break retraced sufficienty, gave us a sell signal and completed it's fib extension. We are looking for the continuation of the newly formed bearish trend. We will look for signals within the highlighted orange box. This correlates with our fibonacci retracements, our disturbance zone ( resistance), and our trend line. A pattern like a double top, or a consolidation zone break out at the highlighted key area would be a great signal to get in this trade.
Major Fundamental News for NZD tomorrow, watch for manipulation 3 drive patterns.
Major Fundamental News for NZD tomorrow, watch for manipulation 3 drive patterns.