NZDUSD:Bearish 1.272AB=CD and the 1.618EXT
The bearish 1.27AB=CD is completing at 0.704 levels and the 2.236-2.618REXT of B-C is at 0.703-0.706 levels.
Meanwhile the 1.618EXT of AB also locates at 0.703 levels.
What is more,the Supply Zone works at 0.703-0.706 levels.
Additionally,the RSI has been overbought.
So it is good to sell at 0.704-0.706 levels when price action gives signals in the PRZ.
SL:above 0.7075
TP1:0.700
TP2:0.695
TP3:0.689
Meanwhile the 1.618EXT of AB also locates at 0.703 levels.
What is more,the Supply Zone works at 0.703-0.706 levels.
Additionally,the RSI has been overbought.
So it is good to sell at 0.704-0.706 levels when price action gives signals in the PRZ.
SL:above 0.7075
TP1:0.700
TP2:0.695
TP3:0.689
Trade active
Comment:
The price began to drop as expected in the PRZ.
Comment:
TP1 reached.
