Reasons to short USD/NZD:
- high test bar close
- 20 ema rejection and close below
- resistance (~6700)
- downward trend line rejection (third bounce)
- 0.786 Fibonacci level rejection and close below
- Stochastic and RSI hidden bearish divergence
entry - below low of high test bar
stop loss - above high of high test bar
target - previous swing low or lower
- high test bar close
- 20 ema rejection and close below
- resistance (~6700)
- downward trend line rejection (third bounce)
- 0.786 Fibonacci level rejection and close below
- Stochastic and RSI hidden bearish divergence
entry - below low of high test bar
stop loss - above high of high test bar
target - previous swing low or lower