FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Similar to AUDUSD             , potential 2618 long setup if market pulls back down from its recent bullish move to the 61.8% retracement level.

veronica75
2 years ago
Hello Casey, Thanks for the idea. According to Jason Stapleton, the Fib retracement should be taken from the last leg (.77848). Please let me know if I am missing something. Have a nice day.
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Casey_Yeo veronica75
2 years ago
If my memory doesn't fail me, the rules are as follow:
a) double bottom (second bottom must touch at least the close of first bottom, but can't close below the low of first bottom)
b) wait price to close above the neck.
c) measure Fib from low of second bottom to the swing high.
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veronica75
2 years ago
As always, you are right. That is the reason why I am your follower. Thanks for the answer Casey!
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Casey_Yeo veronica75
2 years ago
Glad to have you to confirm my memory still working fine. :)
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thanks for this post
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