FOREXEL

Update - the fight goes on, deeper retracement still possible

FX:GBPNZD   British Pound/New Zealand Dollar
112 4 1
So far it looks like the current supply zone will cave in and a further retracement can happen to the next zone below. the price is currently fighting with the 20 MA and the price is just by the 100 MA. This can be traded as a possible near term short or just wait for the pull back to complete to go long but only if (and only if) next demand zone holds.

Related Ideas

FOREXEL
2 years ago
Spelling error on chart, ment right shoulder
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FOREXEL
2 years ago
Bounced at Demand zone as planned )
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FOREXEL
2 years ago
Head and shoulders complete, now if it wont make a HH it will drop again
Reply
FOREXEL
2 years ago
cant be better than this
Reply
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