NZDUSD 4C pattern - short setup as a false break of prior highs
A very nice false breakout of the resistence, which is also the 61.8 Fibo retracement level of the downswing, has formed.
Any retracement back to the pivot level might be a very nice entry short with a long-term perspective.
I am having a limit sell order just below the pivot level, so I am speculating on a slight retest of the level and further drop.
For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly/1ba2SPJ
Any retracement back to the pivot level might be a very nice entry short with a long-term perspective.
I am having a limit sell order just below the pivot level, so I am speculating on a slight retest of the level and further drop.
For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly/1ba2SPJ
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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.
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.