Technical analysis - The price is moving toward the double bottom after a retracement to grab liquidity . Over all it is bearish. IT will retrace to Fib level which is synced with the order block that is sitting there two entries can be placed according to the structure. One is going to be a winning trade
Good short opportunity above 61.8%
Double bottom at the bottom - liquidity area
So the price will move above 61.8% , if it does go for short opportunity then it will move double bottom
ITS ON A DOWN TREND ON W/D
On LTF its retracing
GO ON SHORT ON A FIB LEVEL
USE MACD When it turns Deep green above the 0 level go for short opportunity
NZD USD is at a down trend on the long run before going on retrace on HTF it will got on smaller TF 1 hr retracement at the imbalance before going to fill the imbalance at the bottom.
There's a high resistance at the top the price might come to retrace at around 50% which has a resistance level it is breaks the target is the order block and then to the but side liquidity
