On this pair, liquidity spotted at 61.8 fib level, looks like a trap for retailers. However, just below we can see an institutional candle sitting right there, thatll be where ill be look fo possible long opportunity, aligning with 71 fib level.
If you find this helpful, kindly drop a comment below. NOTE: This isnt a trade signal but for educational purpose.
Beyond Technical AnalysisFibonacci RetracementinstitutionallevelsNZDUSDpremiumTrend Analysis

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