EUR/NZD SHORT then LONG (please say if you disagree)
This chart as shown is currently in a down trend.
I think the down trend will become exhausted as it approaches the golden support (also supported by the Fibonacci retracement) and bounce back up towards the upside.
TP1: is a recent S/R line
TP2: is the High of the previous bullish trend.
Please let me know if you think something else, cheers
I think the down trend will become exhausted as it approaches the golden support (also supported by the Fibonacci retracement) and bounce back up towards the upside.
TP1: is a recent S/R line
TP2: is the High of the previous bullish trend.
Please let me know if you think something else, cheers
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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.