EUR/NZD - Short
Today was a very aggressive push higher today with a shift in momentum for the NZD, especially within GBP/NZD too.
Higher time frames are looking overextended and we can still expect a deeper retracement but we cannot ignore the potential bull flag unfolding here. I will like to see if we can come up and reject 78.6% Fibonacci again before taking the short.
Higher time frames are looking overextended and we can still expect a deeper retracement but we cannot ignore the potential bull flag unfolding here. I will like to see if we can come up and reject 78.6% Fibonacci again before taking the short.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.