#23 NZDUSD Double ABCD and 0.618 Retracement from last swing

Jun 16, 2023

The last leg was preceded by an ABCD, which expanded to the 1.618 extension. I hope that the same thing happens now. There is a 1.618 ABCD expansion from the lows, in a 0.618 retracement from the last swing high. My stop is 50 pts higher. I am entering at the market now at 0.62282

Jun 20, 2023

Trade active

I have added to this position now at 0.6154. I can see some degree of weakness in the Daily as we had two consecutive black bars and the weekly seems like a bearish channel

Jun 21, 2023

Trade closed: stop reached

I moved my stop to Breakeven at 0.6191 and I have been stopped out in both for 0.