Long Term Short Projection NZDUSD

23 thg 6, 2021

A number of confluences can be seen that confirms my short bias. The Weekly Timeframe shows bearish structure (Double Top) in between the fibonacci market structure zones. The weekly timeframe being one of the strongest timeframes for data supports this projection. Currently price has retraced to the 61.8% on H4 fibonacci and is creating bearish market structure. Currently waiting for price action confirmation and break of weekly demand zone. Looking for shorts!

-Brandon Sean