NZDUSD - Break and Retest?
Updated
NZDUSD broke the descending trendline and is heading back down for a retest. This matches us with the 61.8 fib level so we could see some bullish movement from this pair around that level. Inverted H&S pattern shown here aswell. If criteria is met then longs could be taken around the 61.8 level.
Comment
Trailing Stop = Stopped out in profit!Related publications
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.