I am SUPER excited about this set up. I have been keeping an eye on this since markets opened this week.
We are looking at a on the 4H chart with NZD/USD .
Given the Fibonacci measurements at C point, it has been measured to the GOLDEN RATIO not only once...not twice...but THREE TIMES!
I usually never trade this pattern down unless the first 4 measurements of a match a pattern, but you cant ignore confirmation like this.
I'll be trading this pattern down until it hit D point (0.7010), closing profit and following it up with a long position back up to (0.7200).
The measurements for a valid pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
Nothing in his speech will effect the USD in a big way.
I try to keep my head out of nonsense news like that...