Pullback trade and a chance for trend continuation
Updated
https://www.tradingview.com/x/lPitYSWQ/
NzdUsd is on a downtrend and forming a pullback trade previously. Good probability for it to retrace into the 0.7328 to 0.7330 zone and enter at price action signal might it be a DT or 3 reversal candle.
If price action moves into the redzone and form a L3C, a decent 1:1 RR target can be made towards previous structure and extended target can be at Fib 1.27 (0.7295)
NzdUsd is on a downtrend and forming a pullback trade previously. Good probability for it to retrace into the 0.7328 to 0.7330 zone and enter at price action signal might it be a DT or 3 reversal candle.
If price action moves into the redzone and form a L3C, a decent 1:1 RR target can be made towards previous structure and extended target can be at Fib 1.27 (0.7295)
Trade active
Trade closed: target reached
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