Supply and Demand 61.8 fib and Gap at opening week
I will post details on my blog - daily-forex-trader.blogspot.com.au
127.2 Inverted Fib 200 inverted fib 78.6 Fib Retrace level and Daily Range high (using average pip movement per day)
127.2 Inverted Fib 200 inverted fib 78.6 Fib Retrace level and Daily Range high (using average pip movement per day)
Earlier in the week my view was bearish the dollar after the weekly candle performed a shooting star candle pattern, however during the course of the week, the Daily and H4 TF charts suggest perhaps a upward burst is on the cards
Hit Yearly High Divergence in Stoch and CCi in Daily Divergence in Stoch , cci, rsi in Hourly TP at 38.2 fib retrace @ 0.87054 approx. - Because the NZD economy had very strong positive data came out , the strength of the NZD could be held,.
Strong pin bar exhaustrion candle from the 76% fib (0.82590) Looking bullish from now back up to 50%
Long trade - Oversold in stochastics - Hammer / exhaustion candle - Bounced of (second) from strong support line 3 x yes = Trade it!
Retracing towards support (B) and will enter if see exhaustion candle / Stochastics in the oversold area cross over
Bearish Short Term forecast Retest the Support line. Then look at the Bullish forecast on my next move
Should retrace back to support range, and then rebound back up to try to break resistance line at 1.33647