Analysis of NZD/USD Retracement and Potential Uptrend Resumption
The NZD/USD pair has recently undergone a retracement, as evidenced by observed price action. The conclusive indicator of this retracement lies in the last candle, which prominently displays a sign of strength, hinting at a potential reversal in market sentiment.
Trade Plan:
Entry Point: 0.618
Stop Loss (SL): 0.611
Take Profit (TP): 0.65
Trade Plan:
Entry Point: 0.618
Stop Loss (SL): 0.611
Take Profit (TP): 0.65
Order cancelled:
Fake Move, Change to sell again