NZD/USD Broke out of it's uptrend which can only be looked at as a pullback from the larger bearish move.
Now we either hold for a double top or expect the breakout to continue making lower lows. The breakout also occured around the 0.618 fibonacci level so we have all bases covered here.
On top of all of this theres a potential head and shoulders structure developing!
Trade safe!
Now we either hold for a double top or expect the breakout to continue making lower lows. The breakout also occured around the 0.618 fibonacci level so we have all bases covered here.
On top of all of this theres a potential head and shoulders structure developing!
Trade safe!