Possibilities on the NZD / USD
2 ways to play this
(1) Market sell a short position right now (lol)
(2a) wait for the lows in the pink box to be broken and then short the retest of that level (50% fib)
(2b) Wait for the lows in the pink box to hold (looking for long lower wicks on high volume) and enter a long
Overall, I'd recommend (2a)
(1) Market sell a short position right now (lol)
(2a) wait for the lows in the pink box to be broken and then short the retest of that level (50% fib)
(2b) Wait for the lows in the pink box to hold (looking for long lower wicks on high volume) and enter a long
Overall, I'd recommend (2a)