buy? or sell on breakout

1 нояб. 2018 г.

As highlighted, there is a zone of no near support below 1.705. If price do break the zone and retraces back to 1.72 support turned resistance, or the long-term trendline, i'll be looking for bearish signs.
Buyers should look at the 38.2 retracement as TP, since this appears to be wave 1. Conservative traders should look for rsi divergence on the 4hr to get an entry.

Take note that daily & 4hr rsi is oversold. Fundamentally, euro is under pressure and nzd, being a sentimental-linked currency, is weak.

This is just an alert, not trading advice. I'm only beginner retail trader. My bias is still long.

1 нояб. 2018 г.

Заметка

The price has pierced the 200ema, but do take note that unless the day CLOSES below the 200ema & its still upwards sloping, then its still a bull trend, & buyers will come to dip-buy. The 1.71 level(61.8 fib) is crucial now

Take note that there's a hidden wave ABC in the impulse wave on the daily. U can see if more clearly on the 4hr charts, and do a fib-extension.