Here we have NZDCHF on the Daily time frame. Over the last week and a half this pair has been shooting to the moon and I believe its time for a retracement.
Price couldn't push through and stay above quarter level 0.675 giving us a failed quarter transition.
I see price returning to around the halfway point between quarter level 0.675 and 0.65. Around the 0.6625 mark. This falls just before the 61% fib level so taking a bit of overshoot into account, I think this is a safe level to look to go long back up to the -27 fib level. Which also lands just past the half way point of quarter level 0.675 and 0.7.
Trade at your own risk. I am not qualified to give investment advice.
Happy trading :)
~TraderTrev
Price couldn't push through and stay above quarter level 0.675 giving us a failed quarter transition.
I see price returning to around the halfway point between quarter level 0.675 and 0.65. Around the 0.6625 mark. This falls just before the 61% fib level so taking a bit of overshoot into account, I think this is a safe level to look to go long back up to the -27 fib level. Which also lands just past the half way point of quarter level 0.675 and 0.7.
Trade at your own risk. I am not qualified to give investment advice.
Happy trading :)
~TraderTrev