Hi Traders
I am SHORT from 1.7000
Now EURNZD comes very close to important 1.6700 zone.
Well, I am just hesitating now if to close my position or keep it to break out the 1.6700 level and fall another 500 pips to 1.6200 ???
1.6200 is perfect 100% Fibonacci extension of last leg down, also ABC patterns match perfectly...
On the other hand, if it bounces back to 1.7000 we'll have ideal double bottom...
Any suggestions?
I am SHORT from 1.7000
Now EURNZD comes very close to important 1.6700 zone.
Well, I am just hesitating now if to close my position or keep it to break out the 1.6700 level and fall another 500 pips to 1.6200 ???
1.6200 is perfect 100% Fibonacci extension of last leg down, also ABC patterns match perfectly...
On the other hand, if it bounces back to 1.7000 we'll have ideal double bottom...
Any suggestions?
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