NzdUsd - Swing short

2020-01-29 04:56:07

I am HTF Bearish on NZDUD. For me, this currency goes through distribution these and following days. I will look for shorts now, if I will be stopped out, then I will short higher.

The target for this swing short will be 0.63500 level, also known as a draw on liquidity "an eye".

- HTF Distribution during Q1 2020
- HTF Market Structure Break
- Key S/R level broken, awaiting its retest back to 0.66007 and sell-off down to 0.63500

Scenario:

- You can short it now, or wait for confirmation if we will get a rejection at the current level
- You can wait for a higher price for shorting (EQ or Range high)