NZDUSD Short

٢٣ سبتمبر ٢٠٢٠

Was looking at a continuation of NZDUSD bearishness as we had a strong momentum push and clean 4H Equal Lows which Big banks were targetting as retail traders had their stop losses below the 'support'. We had a sweep of Asia low in London which created Equal lows on the 1H. We then run the high also meaning i was ready for entry in New york as i now had 4H equal lows to target and 1H. I then got the confirmation i needed- a 5m BOS and using the fib i set a limit on the 61.8 Fib level with a 12 pip Stop