NZDUSD- Impulse, correction... what is coming next? A sell?
The 'kiwi' (NZD) is approaching a key fib level on the Daily time frame, is a sell coming?
I enjoy studying this pair because of it's clean (obvious) moves in the market.
With some advice from my friend 'Fibo' I am looking out for signs that price is going to reverse as it approaches that 61.8 fib level.
Signs of reversal to look out for? Why I'm glad that you asked. An ascending channel forming as price enters into the key fib level, bearish engulfing candlesticks and lower highs created on the smaller time frame when it comes to PULLING the TRIGGER and entering the market.
All ideas I share for educational purposes only.
Happy trading!
You've got this!
I enjoy studying this pair because of it's clean (obvious) moves in the market.
With some advice from my friend 'Fibo' I am looking out for signs that price is going to reverse as it approaches that 61.8 fib level.
Signs of reversal to look out for? Why I'm glad that you asked. An ascending channel forming as price enters into the key fib level, bearish engulfing candlesticks and lower highs created on the smaller time frame when it comes to PULLING the TRIGGER and entering the market.
All ideas I share for educational purposes only.
Happy trading!
You've got this!
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