NZDUSD is currently sitting on the Daily 61.8 fib, giving me the opportunity to open a short position.
Note how price has failed to break through previous resistance multiple times in an effort to push towards to it's next Supply Zone. The bullish momentum is slowing down, indicated through Fib Retracement and Stochastics being severely overbought. with a reversal area of 0.72371-0.72938. I will be targeting 0.68079 for trade completion.
Note how price has failed to break through previous resistance multiple times in an effort to push towards to it's next Supply Zone. The bullish momentum is slowing down, indicated through Fib Retracement and Stochastics being severely overbought. with a reversal area of 0.72371-0.72938. I will be targeting 0.68079 for trade completion.
Note
Up 50 pips like clockwork.
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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.