FX.co ★ Trading idea for NZDUSD

I present to your attention a trading idea for the NZDUSD pair.

After a prolonged growth of the pair yesterday, a powerful short initiative was held in the American session, which did not update the buyers' platform at the round level of 0.7. Today, the instrument rolled back half of yesterday's fall. I suggest that you work on a reduction according to the following scheme:

In fact, we have a three-wave structure A-B-C, where wave A is yesterday's short initiative. We are working on a decline with a 50% Fibo rollback, as shown in the picture above. The goal is to update the round level of 0.7.

The short scenario will be relevant until the breakout of yesterday's high at 0.708.

The trading idea is presented in the framework of the "Price Action" and "Stop Hunting" methods.