Triangle forming on the 4Hr TF. Price settling in between two major quarterly levels of 1000.00 and 1100.00 Price Respects our 38.2 Fib on the 4 hour TF Price Respects our 50.0 Fib level on 1 Hour TF Lets hope for a break out followed by more bullish movement! Please comment! Thanks
Possible Elliot Wave Completion Wave one tested our Major Quarterly Level of 1.72 and retraced and respected 61.8% Fib Level. Wave two broke our Major Quarterly Level of 1.72 and tested a Daily Disturbance Candle from 2016(Orange line). Retraced to our 38.2 Fib Level. Looking for price to retest previous resistance (Blue Line) and continue to the orange line...
We see that NZDUSD has crossed over our MQL (Major Quarterly Level), Resistance level, and Weekly Disturbance of .73. Price is now in volatility zone and TDI indicator shows that price is also at the all time high for TDI. At this TDI level, price has always reversed and never gone above. If price breaks below volatility zone and confirms below, Price will...
We see NZDUSD has broken above our Major Quarterly Level, Monthly resistance and weekly disturbance of .73 and sitting inside of a high volatility zone. Major Fib levels on both down and uptrend are coming into play. We see support at both for our downtrending FIb at 23% as well as our Uptrending Fib at 38.2%. 50, 100, and 200 EMA's also converging approaching...