NZDUSD STill short no sign of reversal
Updated
We had quite a pullback on the last day before close on NU but i am not convinced that this is enough.
We in a serious down channel due to sharply down trend it is my suggestion to wait for the rejection at the upper channel line and enter sells from there to avoid the consolidations.
should we break the support line 0.62000 Can come into play as next support level.
Should we bounce of the 64 levels support look then for a break out on the upper channel and we should be able to take profit at the neck line as we have not done a retest
We in a serious down channel due to sharply down trend it is my suggestion to wait for the rejection at the upper channel line and enter sells from there to avoid the consolidations.
should we break the support line 0.62000 Can come into play as next support level.
Should we bounce of the 64 levels support look then for a break out on the upper channel and we should be able to take profit at the neck line as we have not done a retest
Note
Well in the way as predicted and rjection of the 23 fib line indicating a lot to be down more
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