Potential Monthly short.
given the statistics at play here key zones we will be looking for bearish reversals are
HOD 0.064694
aswell as the weekly high of 064885
key factors to pay attention to will be the news for this week.
if we see lower than expected for NZD we should prepare for a sell and look for healthy retracements around the 50% - 62.8 Monthly FiBB levels.
lots of slow moving pairs this month as you know who is getting ready to take things slow, and go on " vacation"
if we can get in here we will likely not see prices break above .64885 , however prices may not reach this level in which case we will have to set call levels to monitor for us .
anywhere within 10-15 pips from this level is still a great entry.
always remember to give yourself some room when planning the week ahead as news may trigger before prices have time to really get to specified levels.
would love to see news support this idea in hours ahead. cheers!
HOD 0.064694
aswell as the weekly high of 064885
key factors to pay attention to will be the news for this week.
if we see lower than expected for NZD we should prepare for a sell and look for healthy retracements around the 50% - 62.8 Monthly FiBB levels.
lots of slow moving pairs this month as you know who is getting ready to take things slow, and go on " vacation"
if we can get in here we will likely not see prices break above .64885 , however prices may not reach this level in which case we will have to set call levels to monitor for us .
anywhere within 10-15 pips from this level is still a great entry.
always remember to give yourself some room when planning the week ahead as news may trigger before prices have time to really get to specified levels.
would love to see news support this idea in hours ahead. cheers!
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