However, NZDUSD have had a long time in oversell zone, and a short term squeeze is undersrandable.
The question is where we re-enter the SELL.
Look at on the chart:
23% Fib retracement is at 0.7025
indicator: Resistance is at 46.32
indicator: Resistance is a 45.2
When I see NZDUSD retraces to 0.7025 and + test their resistance, I will come back the SELL.
I will place a SELL limit order of NZDUSD at 0.7025 , take profit 0.6800, stop loss at 0.7180
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