NZD/USD: Selling @ market price

By SwissPips
Updated
Hi guys,

NZD/USD seems to show some weakness and volumes suggest it could potentially break lower.

Price is below EMA200 and its daily pivot.

I am shorting now at the market and I am targeting 0.60130 which is a fibo level.

*** Trade at your own risk ***
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*** Adding to my shorts ***
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Volume broke on this candle.

Sell pressure should accelerate from here

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***UPDATE***

The pattern looks actually horizontal. Same target.

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Hoping for a pullback so that I can add some shorts, but It might go straight to the target

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Trade closed: target reached
Target hit, I am done for today
Bearish PatternsChart PatternsNZDNZDUSDpatternSELLshorttrendTrend AnalysisUSD

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