NZDUSD , SELL on H4: Continuous downtrend
Waiting signal=> SELL at level 0.66000 (23.6% Fib Retracement level)
Price tested 23.6% Fib Retracement zone almost perfectly and will go more down at level 0.65000(monthly support level), but we will see if the price will test again the resistance level at 0.66000 or move up a bit more, then go down to test the monthly support level around 100 pips from the entry.
Caution: This is just an idea based in technical analysis.
Waiting signal=> SELL at level 0.66000 (23.6% Fib Retracement level)
Price tested 23.6% Fib Retracement zone almost perfectly and will go more down at level 0.65000(monthly support level), but we will see if the price will test again the resistance level at 0.66000 or move up a bit more, then go down to test the monthly support level around 100 pips from the entry.
Caution: This is just an idea based in technical analysis.
Note
Hit around +25pips and still dropping.Trade closed: target reached
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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.