We're anticipating further NZD weakness (See links below as to why we're anticipating NZD weakness). We require this pair to pullback a little more before entering.
The ideal entry would be back to the ascending trendline and fibonacci levels (0.5 and 0.618),
This is an example of how clear the alignment of trend lines making it easy for a newbie like me to read it. Thank you
MasterSaps
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@Wicktator are we seeing a bear flag here? it has not hit all the previous entry points for me and wondering what is next here? Tks
loudon3
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Is price starting to bounce back up now, off the confluence of the flip zone around 1.67 and the 38.2% Fibo retracement of the last big run down? Let's see what happens here. Zooming in , the 4-Hour bounce is looking a bit bullish.