NZDUSD
Several factors pointing to a reversal in price:
- Fibonacci Cluster (161.8% extension, 327.2% projection, 70.7% retracement)
- 9 month Trend line Resistance (9/7/16-present)
- Elliott Wave 5 Top
- Supply zone
- Doji candlestick
Tough to short against such a strong uptrend, therefore look for confirmed reversal in form of back to back bearish candles, lower high + reversal candlestick, etc.
Several factors pointing to a reversal in price:
- Fibonacci Cluster (161.8% extension, 327.2% projection, 70.7% retracement)
- 9 month Trend line Resistance (9/7/16-present)
- Elliott Wave 5 Top
- Supply zone
- Doji candlestick
Tough to short against such a strong uptrend, therefore look for confirmed reversal in form of back to back bearish candles, lower high + reversal candlestick, etc.