Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
@transparent-fx, do you have a link pls can't find it thanks
Kriss1978
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Hi, on the weekly we can clearly observe a large W formation starting on the March 2019 which has just completed. Usually you expect a retracement to the neckline (0,648), why don’t you take this into consideration this time ?
Thanks
transparent-fx
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@Kriss1978, because that is not a W, and anyway cot is too strong on nzd :)
franklp8406
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I think there is a change NZD to reach 0.65 level. This is level which is confluent with the 0.618 Fibonaci, also -1.272 fibo of the upside leg, also a right shoulder of a invert SHS in the weekly.
transparent-fx
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@franklp8406, everything is a possibility, that is why trading is reactive and not predictive