Just another setup i been watching and ready to pull the trigger now...
Lets take a look through my Kumonashi system.
Weekly broke kijun and price tested kijun and failed. Macd is above zero line but crossed down. Momentum is to the downside. CS still above price however
Daily ha delta is below zero . Price failed at kijun after initial sell wave. Can just be a abc correction which ended. I am taking a short and target is as shown on the chart. Good risk to reward set up. Lets see how it works out.
Also , keep an eye on audnzd and nzdusd. I'll post audnzd tomorrow after rbnz but my bias is long on audnzd.
Thanks for reading.
Lets take a look through my Kumonashi system.
Weekly broke kijun and price tested kijun and failed. Macd is above zero line but crossed down. Momentum is to the downside. CS still above price however
Daily ha delta is below zero . Price failed at kijun after initial sell wave. Can just be a abc correction which ended. I am taking a short and target is as shown on the chart. Good risk to reward set up. Lets see how it works out.
Also , keep an eye on audnzd and nzdusd. I'll post audnzd tomorrow after rbnz but my bias is long on audnzd.
Thanks for reading.
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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.