NZDUSD looks good for some downside. I am expecting a move to the lows of the range. The price should break down, correct, and then have another down move where I expect price to finish at the mean price level. There is also lots of structure at the mean price level so this is a good indication that the target we have is legitimate and more reliable.
Best regards, Tom_Killick
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Strong move down since last posted. Well done to everyone who had their own tested trading strategy and were able to trade this move.
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Price moved right to the price level I predicted, now we should expect a pullback, and more downside into the near future.
Will it go up and break down, or will price continue dropping from here? I guess we will all soon find out.