We have hit the confluence of 38.2 Fibonacci retracement and the 1.618 extension for the latest bearish wave. The price was initially rejected. I will be looking to short ON a break below the neckline of minor double top formation at 0.6978. We can target 0.6900 as a first target on this trade, followed by 0.6830.
I will try my best to update this idea if the breakout completes.
I suggest SL should be already surpassed and trade is closed. If not - "short" does not look promising now. It did look very strong from the very beginning (IMHO) but I gave it a try. No luck this time! Shit happens!
Anyway - thanks, Technician!!!
Bug
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what is the stop loss, are you still in?
Dima-fin
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News were not good for us today!
Hey, Technician, are you still in?
Dima-fin
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Oh!!! That's shit!!!
AhmadAlsaid
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WHERE STOP LOSE ??
Forexian
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I sold from 0.7025
yitiancai
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Also I found a lot of weak NZD signal in fx pairs.: GBP/NZD AUD/NZD NZD/JPY NZD/CAD.