Cenotaph
Short

NZDUSD Short retracement to 0.5 Fib

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
I think long term this pair will still go up, but short term it looks to retrace to 50% fib level and bounce up from there. If last week is any indication the selling might continue next week. Tuesday will definitely tell which direction this pair will go.

If it break support, go short till the 0.5 fib level for a 1:4 RR possible return.

Good weekend and good trading!
PCTradeKop
9 months ago
Nice. Also right on top of channel.
NZDUSD -SHORT Opportunity top of channel
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