NZDUSD - Unable to clear resistance, to continue going down?

PAIR IN FOCUS: NZDUSD
ACTION: SHORT
HORIZON: SHORT-TERM

This is a trend-continuation strategy. Price was unable to clear resistance level and fell below a support/resistance level. Looking for price to retrace, retest and reject the support/resistance level before heading down. Always look for confirming price action before any entry.

If price rockets up above the support/resistance level, this trade set-up is invalid. Both TPs are at support/resistance levels, which is a fairly easy way to spot and plot.

TP levels have been indicated, plan your own Stop Loss. Remember to manage your risk!

Feel free to discuss and comment, Cheers!

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