🥝NZD/USD Kiwi ready to fall
🥝That's as I wrote in last posts. The dollar is ready to score an upward correction in the current downtrend.
🥝It's perfect because the exact same situation will happen on the New Zealand dollar but in the opposite direction
🥝This creates an ideal opportunity to make some profit on NZD/USD declines
🥝Looking at the fact that we have passed a double top and the strength on the upside in recent weeks has dropped significantly I decided to establish a resistance zone at the tops.
🥝I determined the support zone based on the fibo level of 0.5 of the whole upward wave. In which the price has repeatedly found support and also resistance.
🥝The scenario I'm playing out is the start of a decline with the aim of making a larger downward correction, taking into account small corrections along the way
🥝*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
🥝That's as I wrote in last posts. The dollar is ready to score an upward correction in the current downtrend.
🥝It's perfect because the exact same situation will happen on the New Zealand dollar but in the opposite direction
🥝This creates an ideal opportunity to make some profit on NZD/USD declines
🥝Looking at the fact that we have passed a double top and the strength on the upside in recent weeks has dropped significantly I decided to establish a resistance zone at the tops.
🥝I determined the support zone based on the fibo level of 0.5 of the whole upward wave. In which the price has repeatedly found support and also resistance.
🥝The scenario I'm playing out is the start of a decline with the aim of making a larger downward correction, taking into account small corrections along the way
🥝*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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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.
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
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.