We can see that price has fallen out of this ascending TL and has officially made a lower low.
Looking to sell this pair if we get to an area of interest which is at the 50/61.8 fib levels as if we look left we can see these levels have held as structure previously and we will then be interacting with the 50EMA. Would need a confirmation candlestick before entering this though.
Currently have a USDCHF short running so this pair would not agree with my bias however if we get stopped out or move SL to entry I will definitely e looking at taking a short on NZDUSD if we come up into these areas.
Looking to sell this pair if we get to an area of interest which is at the 50/61.8 fib levels as if we look left we can see these levels have held as structure previously and we will then be interacting with the 50EMA. Would need a confirmation candlestick before entering this though.
Currently have a USDCHF short running so this pair would not agree with my bias however if we get stopped out or move SL to entry I will definitely e looking at taking a short on NZDUSD if we come up into these areas.
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