NZDUSD: An Area To Catch The Continuation?
Analysis on chart!
I recently shorted this pair taking out +54 pips (chart attached) and was looking for another opportunity once price come back up to retest the same zone i entered...
Price then broke above closed above so my mindset has changed on this pair and i'm now looking for an opportunity to go long!
Previous resistance may now turn support where we also have a 0.5 Fibonacci Retracement, 1.414 Extension, 1.618 Inversion and Harmonic Legs completing in this zone!
My projected targets and risk are based off if this level holds and potentially puts in a double bottom so we can keep the risk nice and tight! I will be keeping an eye on this level and my alerts are set!
Click that like button and comment away with any constructive feedback you may have! Your continued to support is appreciated!
Smart Trading
I recently shorted this pair taking out +54 pips (chart attached) and was looking for another opportunity once price come back up to retest the same zone i entered...
Price then broke above closed above so my mindset has changed on this pair and i'm now looking for an opportunity to go long!
Previous resistance may now turn support where we also have a 0.5 Fibonacci Retracement, 1.414 Extension, 1.618 Inversion and Harmonic Legs completing in this zone!
My projected targets and risk are based off if this level holds and potentially puts in a double bottom so we can keep the risk nice and tight! I will be keeping an eye on this level and my alerts are set!
Click that like button and comment away with any constructive feedback you may have! Your continued to support is appreciated!
Smart Trading
