i am currently short on nzdusd from today's UK session test of the 50% weekly fib. entry at 0.7475
a possible trend line could form if the reverse continues, price has currently retreated below the weekly 200EMA a close below would be further confirmation.
daily chart is forming a bearish engulfing pattern and a close below 0.74 level further confirmation
monthly chart is running on the fourth bullish candles, those preceding this months with long wicks
tps set qt 0.7020 0.688 and a very long term 0.64
a possible trend line could form if the reverse continues, price has currently retreated below the weekly 200EMA a close below would be further confirmation.
daily chart is forming a bearish engulfing pattern and a close below 0.74 level further confirmation
monthly chart is running on the fourth bullish candles, those preceding this months with long wicks
tps set qt 0.7020 0.688 and a very long term 0.64
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