mywc

mywc

Will be watching this extremely closely, Reasons for breakout: a) we have a strong previous rejection at the 61.8% fibo level. b) prices have retested that area last week and rebounded strongly. c) MACD divergence in play d) with the poor NZD news yesterday, i expect NZD to fall even more to retest recent lows near 0.63 level A breakout and close above the...

mywc Updated 

MACD on 4h turning negative, divergence in play. Expecting a breakout to retest lows and for weekly downtrend to resume. Hope this one plays out!

mywc

Posted a very similar chart yesterday. Prices rebounded strongly from the lower channel. However price does not seem to be able to breakout the upper channel as well. It is a trade worth taking, will add more shorts if price do close below the lower channel. All the best!

mywc Updated 

Lower Low on 4h chart, 61.8% rejection at 0.715, good to short till next resistance.