NZDUSD FIB Cluster with AB=CD

Updated

KIWI is reaching the 0.618 retracement of the prior wave. This level is also the AB=CD of the current wave. The 1.618 level of the currents wave correction also coincides with this level. This is a trad-able level.

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Still looking for the pair to head higher. The Fib-Cluster just offers such a great area to get in a trade. I also have some ideas if the structure breaches to the downside.

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Level is still in play. Keep an eye on this tradable level.

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We have reached the Fib Cluster. Depending on how the FOMC acts, this level will either hold or become support. My limit to the sell side has already triggered.

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Gotta love FIB Clusters!!!!!

RKchartest

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Using Fib-Clusters to Determine Targets and Terminations & AB=CD

by RKchartest

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