Hi traders,
On the NZDUSD we can see confluence between the 50% Fibonacci retracement and the 161.8% Fibonacci extension. I placed the stop below the 61.8% Fibonacci retracement.
Entry: 0.71001
Stop: 0.70601
Target: 0.71662 = R:RR 1.65
Best of luck! Updates will follow.
On the NZDUSD we can see confluence between the 50% Fibonacci retracement and the 161.8% Fibonacci extension. I placed the stop below the 61.8% Fibonacci retracement.
Entry: 0.71001
Stop: 0.70601
Target: 0.71662 = R:RR 1.65
Best of luck! Updates will follow.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.