We are approaching key levels that offer strong supports. With NZD strength I think we may be able to push through these zones with retests at the key double zero points I mapped out.
I am looking for the MACD and signal on the 1 hr chart to make a 0 line cross with a candle close out. On the contrary I am looking for the 0 line cross to be rejected triggering the MACD line to cross back up through the signal for potential long entry. One of these key points will offer a strong reversal.
I am looking for the MACD and signal on the 1 hr chart to make a 0 line cross with a candle close out. On the contrary I am looking for the 0 line cross to be rejected triggering the MACD line to cross back up through the signal for potential long entry. One of these key points will offer a strong reversal.
Trade closed: target reached
TP at 1.05400. Long wick close out right around that Key level was confirmation to TP.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.