Recently I made a post predicting for a pair to go higher after bouncing at 2.00 level. however it didn't play out as I thought it would. Price went up and then came back down again. Affected by NZD interest rate decision. This price action over last 2 weeks looks pretty much corrective. Price could still go up, but I am concentrating on a better setup.
We also have an impulsive move, break of a trendline and pullback.

Price bounced back from this new resistance level marked with rectangle however it didn't manage to go any lower. This new swing high was taken out, but then price sharply reversed again. For me this is an opportunity to sell.
Targets are marked with blue lines, watch out at the level that is marked with striped light blue line.
Translate to Inglese Show original

Since you are not logged in, we don't know your spoken language, but assume it is Inglese
Please, sign in or choose another language to translate from the list.

– o –