NZD/USD Bearish Confirmed , Are You Read For This Movement ?
Here is my 2H Chart on NZD/USD , We Have A Fake Breakout and then the price Back below my old res and we have a very good bearish Price Action on 1 And 2 Hours T.F Also And that`s what happened with ( GBP/USD & EUR/USD ) Last Week , the price playing very good around my res and i`m waiting the price to retest the broken area again and give us a good bearish price action For the second time on smaller time frames to can get a confirmation to enter ,or we can enter now with half of our lot size cuz te price not far from the entry point but i prefer to wait the price to go back to retest the broken area to give me more confirmation , So i see it`s a good chance to sell this pair if it go up a little to retest the broken area and then we can sell it and targeting 100 to 150 pips . and if we have a daily closure again above my new res then this idea will not be valid anymore .
Reasons To Enter :
1- Perfect Breakout .
2- Clear Bearish Price Action .
3- Bigger T.F Giving Good Bearish P.A .
4 - Perfect 15 Mins Closure .
5- The Price Respect The Res Again .