NZDUSD sell opporunity
Following two weeks of USD weakness, NZDUSD is running into a strong sell zone.
Will await sellers to enter the market and watch for bearish rejection.
We could see a full retracement but i will be scaling out of the position at 50% retracement.
If we get a clean break above, followed by a re-test, this trade will be invalid and there would be a strong argument to see the bullish run continue.
Will await sellers to enter the market and watch for bearish rejection.
We could see a full retracement but i will be scaling out of the position at 50% retracement.
If we get a clean break above, followed by a re-test, this trade will be invalid and there would be a strong argument to see the bullish run continue.
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