NZDUSD Short

17 feb 2018

In the past 2 days, we saw a 160 pip rally where price went parabolic right into a key level of structure. Such huge moves where one candle is +100 pips usually signal a possible correction. This price rally happens to come in at a key level of structure (1.74154). Price has already started selling off so we will look for opportunities to get involved and take profits at the psychological level (0.72000).