NZDUSD has been declining since the 4th of December. We've been steadily retesting previous resistances and creating Lower Highs and Lower Lows.
Current price aligned with the trendline , 200 MA, Resistance zone, 38.2% Fibonacci level, furthermore it is in a Bearish trend. If we see slow down of momentum of the bullish corrective movement and candle stick confirmations we will enter a Short Entry.
As always we have multiple targets.
Target 1 is placed at 0.67352
Target 2 is placed at 0.67063
Happy Trading
-Juff
Current price aligned with the trendline , 200 MA, Resistance zone, 38.2% Fibonacci level, furthermore it is in a Bearish trend. If we see slow down of momentum of the bullish corrective movement and candle stick confirmations we will enter a Short Entry.
As always we have multiple targets.
Target 1 is placed at 0.67352
Target 2 is placed at 0.67063
Happy Trading
-Juff
Order avbruten:
Price stalled but didn't follow with any candle stick confirmations for a short entry.