Top Down Analysis for NZDUSD (Monthly chart)
we are currently bullish^
- Market is in form of a bearish, It has confirmed a few touches of the actual flag - the Trend on the flag shows us a Bullish trend yet it has a Bearish previous impulse which we call a FLAG POLE. To measure the final target after the flag - the final bearish target will be equivalent to the flag pole.
THE NEXT RESISTENCE CORRESPONDS WITH OUR FIBO RETRACEMENT LEVEL OF 618 (from monthly High to monthly Lowest level)
- IF YOU LIKE THIS IDEA PLEASE BOOST IT, your welcome to share your thoughts abut my idea on the comment section
we are currently bullish^
- Market is in form of a bearish, It has confirmed a few touches of the actual flag - the Trend on the flag shows us a Bullish trend yet it has a Bearish previous impulse which we call a FLAG POLE. To measure the final target after the flag - the final bearish target will be equivalent to the flag pole.
THE NEXT RESISTENCE CORRESPONDS WITH OUR FIBO RETRACEMENT LEVEL OF 618 (from monthly High to monthly Lowest level)
- IF YOU LIKE THIS IDEA PLEASE BOOST IT, your welcome to share your thoughts abut my idea on the comment section