InvestMate|NZD/USD Kiwi ready to fall🥝
🥝NZD/USD Kiwi ready to fall
🥝That's as I wrote in last posts. The dollar is ready to score an upward correction in the current downtrend.
🥝It's perfect because the exact same situation will happen on the New Zealand dollar but in the opposite direction
🥝This creates an ideal opportunity to make some profit on NZD/USD declines
🥝Looking at the fact that we have passed a double top and the strength on the upside in recent weeks has dropped significantly I decided to establish a resistance zone at the tops.
🥝I determined the support zone based on the fibo level of 0.5 of the whole upward wave. In which the price has repeatedly found support and also resistance.
🥝The scenario I'm playing out is the start of a decline with the aim of making a larger downward correction, taking into account small corrections along the way
🥝*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
🥝That's as I wrote in last posts. The dollar is ready to score an upward correction in the current downtrend.
🥝It's perfect because the exact same situation will happen on the New Zealand dollar but in the opposite direction
🥝This creates an ideal opportunity to make some profit on NZD/USD declines
🥝Looking at the fact that we have passed a double top and the strength on the upside in recent weeks has dropped significantly I decided to establish a resistance zone at the tops.
🥝I determined the support zone based on the fibo level of 0.5 of the whole upward wave. In which the price has repeatedly found support and also resistance.
🥝The scenario I'm playing out is the start of a decline with the aim of making a larger downward correction, taking into account small corrections along the way
🥝*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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