NZDUSD SHORT SETUP

CURRENTLY THE MARKET IS MAKING A NEW LOW
WAIT FOR RETRACEMENT BACK UP TO 0.72000 TO GO SHORT @ ST RESISTANCE

Kommentera:

The pair coming back up to 0.72000 and ST resistance zone

ST resistance still valid for short location but there is always a possibility that it could break the zone since it is ST intraday resistance
ST resistance isn't clear in higher time frames

Kommentera:

The market still trading below ST resistance @ 0.72000 but I don't see strong momentum moves from both sides of the market

Downward correcive