NZDUSD Potential for Bearish Momentum | 23rd September 2022 for FX:NZDUSD by desmondlzw

NZDUSD Potential for Bearish Momentum | 23rd September 2022

NZDUSD Potential for Bearish Momentum | 23rd September 2022 for FX:NZDUSD by desmondlzw - DAILY NEWS ERA - Market - Daily News Era

On the H4, with the price moving within the descending channel , below ichimoku cloud , If the price can break the sell entry at 0.57984, which is in line with the 78.6% fibonacci projection , 161.8% fibonacci extension , 127.2% fibonacci extensions successfully, we can expect the price drop to the take profit at 0.56546, which is in line with the 200% fibonacci extension and 161.8% fibonacci extension . Alternatively, the price may pull back to the stop loss at 0.58932, where the 23.6% fibonacci retracement is.

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