forexTrdr NZDUSD - FIBONACCI GIVING WAY- NEXT STOP .65?
Updated
Morning traders,
Looking at fibonacci supports on New Zealand dollar versus US dollar after a perfect wave pattern formed and pulled back to fibonacci support around 0.6672. The pair have broken below and look set to make a move lower towards low 0.66. Our trading view chart is hopefully self explanatory.
Additionally we had the Australian central bank cut interest rates overnight which was fully priced in but earlier this morning the central bank governor stated they are prepared to adjust rates again if needed.
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Meta trader and most broker platforms.
Good luck trading
from the Team at forexTrdr
Looking at fibonacci supports on New Zealand dollar versus US dollar after a perfect wave pattern formed and pulled back to fibonacci support around 0.6672. The pair have broken below and look set to make a move lower towards low 0.66. Our trading view chart is hopefully self explanatory.
Additionally we had the Australian central bank cut interest rates overnight which was fully priced in but earlier this morning the central bank governor stated they are prepared to adjust rates again if needed.
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Meta trader and most broker platforms.
Good luck trading
from the Team at forexTrdr
Trade closed manually
Closing out as break looks to restest break out again from prior pattern. Looking to flip to a long trade
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