NZDUSD ABC corrective reversal in sight
NZDUSD making a potential ABC correction, so far 2 section of formation has been completed: point A & B. We have identified a potential price zone for its corrective reversal by establishing the following:
Internal retracement at 61.8% forming a tight price zone with
APP at 100% (from O to A from B) +
external retracement at 161.8%
We will be looking for corrective reversal around 0.7136 to 0.7191 (bearish candle pattern)
Internal retracement at 61.8% forming a tight price zone with
APP at 100% (from O to A from B) +
external retracement at 161.8%
We will be looking for corrective reversal around 0.7136 to 0.7191 (bearish candle pattern)