NZDUSD downmove with Take Profits
NZDUSD reached a new minor accumulation area.
New target is well visible as well as the previous one I took last week on wednesday.
I'm guessing this is leaning towards a big dip down as the trend based fibonacci extensions miraculously match the
important support/resistance levels I drew on the daily chart.
A match on all three 1.618, 2.272 and the 2.618 which are all rounded mid and big figure numbers.
New target is well visible as well as the previous one I took last week on wednesday.
I'm guessing this is leaning towards a big dip down as the trend based fibonacci extensions miraculously match the
important support/resistance levels I drew on the daily chart.
A match on all three 1.618, 2.272 and the 2.618 which are all rounded mid and big figure numbers.
Trade closed: stop reached:
Taking losses is part of the trader's life! Note to self: check for possible reversal signs, divergence, volume, candlestick patterns. I may have been sloppy.
