NzdUsd Short Idea
Price action has been primarily bearish on the Daily & Weekly time-frames so we will look to short upon a confirmed rejection of a prz level.
Current price action is yet to form true structure on a daily time-frame after this drop since mid July. We will look for price to reach our 32.8% fib level or the 61.8% (The red zones)
After a confirmed rejection we will target the -27% daily fib level around 0.61075. Our second target will be the weekly -27% fib level around 0.54650 (The green zones)
If price continues to drop from the current region we will wait until a bottom is found and a prz level has been hit.
Price action has been primarily bearish on the Daily & Weekly time-frames so we will look to short upon a confirmed rejection of a prz level.
Current price action is yet to form true structure on a daily time-frame after this drop since mid July. We will look for price to reach our 32.8% fib level or the 61.8% (The red zones)
After a confirmed rejection we will target the -27% daily fib level around 0.61075. Our second target will be the weekly -27% fib level around 0.54650 (The green zones)
If price continues to drop from the current region we will wait until a bottom is found and a prz level has been hit.