FX:NZDUSD   New Zealand Dollar/U.S. Dollar
215 5 4
weekly closed shows a big opportunity for a short
sorry , but that not sounds right .. to get on 0.68 and to fall down from there ..
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I guess the fib is not used for entry, instead just for the SL (50%) and TP (127%). As far as I can see not a bad call, in the direction of the trend.
Its just my take looking at it.
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stream fxmillions
its a uptrend .. monthly
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does not make a difference. The expectancy here is only a prolonged correction. Just my take though. This is not my idea. But I do agree with this.
Seems like you are heavily long already... or plan to be.
Are you trading on the monthly chart?
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I see a similar outcome also. USD will also resume it's strength now that the holidays are over.
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