NZDUSD Projections week of 8/12
NZDUSDThe current sell-off cannot last forever, and the major support level it just entered will have something to say about it. Price action just completely disrespected two support levels on its way down to where it currently sits. The .382 retracement level sits in the middle of the two structure levels and is where I'd like to see some signs of reversal for the bearish continuation. If price breaks the support level, I'm looking to retire on a short with stops trailing all the way down to the beaches of Mexico.
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