NZDUSD SHORT
1. Pullback and Retest of weekly neck line structure that has been well respected.
2. Good RR.
3. Rejection at 0.618 fibs level.
2. Good RR.
3. Rejection at 0.618 fibs level.
Note
Completion of AB=CD pattern in lower time-frames as wellNote
Lower close of prev low in 1hr timeframe with double top could be possible entry signal for a short. Do note position size needs to be lower as an entry here is considered aggressive.Note
Take some profit ,let the rest run.
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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.