Cross of two trend lines, previous support turned resistance, 61% fib level.
Forming a bullish flag pattern, third retest of strong ascending trend line. Support zone on a 38% fib.
Break of very strong weekly support level, bearish flag pattern. 2.5:1 Risk to reward.
Multiple touches on an ascending trend line. Cross over in the region of a 38% fib and a 61% being a key level. Would be fifth and final wave of elliots wave. Very strong Support zone.
In a clear up trend. In its fourth wave of elliots wave to the downside, we have a strong buy zone where two strong fib levels are relatively close to each other. We have the cross over of a support zone and the trend line as well. So take into consideration of the strong PRZ (Price Reversal Zone) which is acting as our support, lines up with the trend line and...
NZD/USD - Sell Entry Level: 0.6550 TP1: 0.6500 TP2: 0.6430 Stop Loss: 0.6615