NZDUSD 1H CHART
Price is foming Rising Wedge Pattern.
We got out Fib Ret in place.
We can ride the price up till the 0.5 or 61.8 fib level and then go short.
We can predict that the price will come down around our fib levels.
We have 2 conformation to go short on that levels.
1.Rising Wedge Pattern
2.FIbonacci ret.
Normaly we would short at 61.8 fib level but around 0.5 we have a structure that has been tested multiple times in past so maybe
price will go down from there.
We got out Fib Ret in place.
We can ride the price up till the 0.5 or 61.8 fib level and then go short.
We can predict that the price will come down around our fib levels.
We have 2 conformation to go short on that levels.
1.Rising Wedge Pattern
2.FIbonacci ret.
Normaly we would short at 61.8 fib level but around 0.5 we have a structure that has been tested multiple times in past so maybe
price will go down from there.
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