NZD/USD
Updated
CONFLUENCE IS
the market is already in a downtrend on the weekly monthly even the Dailey
the New Zealand is yet to release the news on the unemployment in the country which is said to look bad meaning the currency is going to continue to decrease !
it has also hit the fib level at 100% being 0.67156 to 0.65991 being 0 %. it retrace to the 23.60 % area which is not a solid level but is more of a continuation pattern arising ! could maybe push to a new fib level but that's why I have put a stop loss just above the 38.20% just incase so it still has room for movement
I'm going short on this one IM HARDLY EVER WRONG MY account speaks for itself if you look at my take profits should they go in the opposite direction it normally his my take profits before hand
GO SHORT !!!!! stop loss at 0.66447
take profits at 0.65673 and 0.65269 depending on your patience
the market is already in a downtrend on the weekly monthly even the Dailey
the New Zealand is yet to release the news on the unemployment in the country which is said to look bad meaning the currency is going to continue to decrease !
it has also hit the fib level at 100% being 0.67156 to 0.65991 being 0 %. it retrace to the 23.60 % area which is not a solid level but is more of a continuation pattern arising ! could maybe push to a new fib level but that's why I have put a stop loss just above the 38.20% just incase so it still has room for movement
I'm going short on this one IM HARDLY EVER WRONG MY account speaks for itself if you look at my take profits should they go in the opposite direction it normally his my take profits before hand
GO SHORT !!!!! stop loss at 0.66447
take profits at 0.65673 and 0.65269 depending on your patience
Note
I didn't put fib charts and all the indicators cause I just want it to be neat so I marked the short position so you can identify stop loss and take profits thank you
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