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Title
NZDUSD, H4 | Potential Bearish Drop
Type
Bearish Drop
Preference:
Looking at the H4 chart, my overall bias for NZDUSD is bearish as the current price is below the Ichimoku Cloud. Looking for a sell entry at 0.61948, where the overlap support is. We are looking to take profit at 0.60171 where the 50% Fibonacci line is.
Source: Tickmill