NZDUSD - another trade war victim?
Similar to AUDUSD, I'll be seeking for shorts in next week also for this pair. This time Fibonacci was drawn on line chart - I just didn't like to use that nasty spike to downside. It turned out that spike on candles chart corresponds to 1.618 extension. Who would thought.
Red area seems good for short entries, depending on entry stop loss will be determined, probably around 1.272 level, which is above all spikes to upside, but let's first wait for opening :) Targets are marked with white lines. Won't be waiting for exact numbers, near those levels will be fine to close the trade.
Sentiment for this pair is over 70% long, which only raises chances of success from contrarian point of view.
Daily line chart:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Red area seems good for short entries, depending on entry stop loss will be determined, probably around 1.272 level, which is above all spikes to upside, but let's first wait for opening :) Targets are marked with white lines. Won't be waiting for exact numbers, near those levels will be fine to close the trade.
Sentiment for this pair is over 70% long, which only raises chances of success from contrarian point of view.
Daily line chart:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Order cancelled:
Here targets were also reached, but without me :)
