We are approaching key levels that offer strong supports. With NZD strength I think we may be able to push through these zones with retests at the key double zero points I mapped out.
I am looking for the MACD and signal on the 1 hr chart to make a 0 line cross with a candle close out. On the contrary I am looking for the 0 line cross to be rejected triggering the MACD line to cross back up through the signal for potential long entry. One of these key points will offer a strong reversal.
I am looking for the MACD and signal on the 1 hr chart to make a 0 line cross with a candle close out. On the contrary I am looking for the 0 line cross to be rejected triggering the MACD line to cross back up through the signal for potential long entry. One of these key points will offer a strong reversal.
Trade closed: target reached:
TP at 1.05400. Long wick close out right around that Key level was confirmation to TP.