$NZDUSD - Fibo levels and Bearish bat projection
Hi guys! 👋🏻
NZD bounced back significantly against the USD on September 24th after the test of an important support at 0.65120, however the retrace is yet to be confirmed as an impulse, hence bearish moves might continue either from the current level which is Fibo 0.5 or from 0.66890 which is Fibo 0.618.
🔔 If you trade this pair and do analysis, you should probably know that NZDUSD always (well, most of the time) follows the Fibo 0.618 level.
🔔 If the price is rejected at 0.66890, we might as well follow another harmonic pattern - AB=CD whichever completes.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
NZD bounced back significantly against the USD on September 24th after the test of an important support at 0.65120, however the retrace is yet to be confirmed as an impulse, hence bearish moves might continue either from the current level which is Fibo 0.5 or from 0.66890 which is Fibo 0.618.
🔔 If you trade this pair and do analysis, you should probably know that NZDUSD always (well, most of the time) follows the Fibo 0.618 level.
🔔 If the price is rejected at 0.66890, we might as well follow another harmonic pattern - AB=CD whichever completes.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Nothing is true, everything is permitted.
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