We're anticipating NZD weakness soon so this would be a great trade. We're just waiting for a pullback now and a retest before entering. Only issue is, the major wedge is still in tact so it could be that the retest may happen in the inner trendline.
Watch for corrective price action and then enter on the retest.
See links below as to why we're anticipating NZD weakness.
Nice, Wicktator! Looking good for a potential Short off a retest of the confluence of the 9120 S+R level, the upward-sloping diagonal trendline, and the 38.2% Fibo retracement level. Watching & Waiting now.
herbiewilman
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Wick providing the quality as usual
loudon3
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Currently testing the 50% Fibo retracement of the latest major run up around 0.8950, after a great drop last week. How much will it bounce? Let's watch and see.