Hello, it seems price is forming a potential ABC pattern so we could expect more downside movement.
Right now price broke the strong level 2.300 and is bouncing from it. We could expect a further decline at least to test last lows.
SL: some pips above 2.300
target 1: last lows
target 2: 2.200 level
target 3: 2.1500 level
First target hit. SL was clearly above the highs. I will not waste my time answering disrespectful comments.
Hello, yes is expect more downside movement but its tricky to find and entry point now. Lets wait for more price action. There are rate news for the NZD next week so may be we have to wait and look for setups after the news. Regards.
does it going down next week
i made transactions at 2.2945 by 2 lot from 10000 in my account with tp at 2.24 first target.ir seems after clse day below 2.3 it will slightly bearesh for the beginning of us rate