NZD news negative Sentiment is buying so I am selling at fib 80 level
1 HR trade Just continuation Selling at 80% fib level No big news
In 4 hr we can see a good selling opertunity , Also lower low formation . 0ne hour already break the trend line . we can look for a possible sell when the market touched the 50 EMA.
in one hour it is in resistance , wait for EMA 50 to touch . then we can enter
good price action move in that area , also it is a high volume area for the last move . so i expect it is a best place to enter in sell . i got 3 tp i will close half if it reached 2 nd target.
We can see 4 hr trendline in downtrend , in one hr it showing a buy for me . But it is better to wait for that areas to break . after breaking the support or resistance we can expect a big move. maybe we can expect that on today or tomorrow.