Bullish move was just a retracement
Fundamental data supporting this trade also, as well as a clear break out.
Looking for entries on this one around the zone indicated. That is the last chance for buyers to get in, so if we see price accumulating around that zone and divergence present, we can start to look for swings. The ratio here is VERY good as if the tide does turn we can expect 1:6 1:12 ratios
Looks good for a short, good RR. Multiple Confluences .
Entries around the supply zone indicated will give us an opportunity for a good swing trade. Look to enter on smaller time frames around the zone shown... Monitor for shorts from now as it may not go all the way to that zone.
bearish Engulfing, 88.6 Fib on a weekly. Trendline present and Divergence on multiple time frames. Weekly supply zone. Enter on lower time frames.
Great RR/ NZDxxx all are lining up for a move to the downside, at-least short term.
Great swing trade. Several confluences.