While waiting for the EURNZD to offer a southward setup at the value area that I am tracking, I will see a northward pullback of price action on GPUNZD to around the 1.86000 area as an opportunity to look for a sell trade. The area is a former support zone broken down and congruent to the 61.2 Fib retracement zone of the recent downward swing from the monthly pivot area.
I am posting as a swing trader.
I may be wrong. Trade safe and prosper.
KP
I am posting as a swing trader.
I may be wrong. Trade safe and prosper.
KP
DislikedOne pair I am tracking is the EURNZD. I am bearish the pair although we are likely to have a further northward retracement to a former support zone, probably the 1.66400/1.67130 area (bound by magenta horizontal lines) in the attached charts, before a southward turnaround. I may be wrong. Trade safe and prosper. KP {image}Ignored
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