johan.verm

Break or bounce ? 1h follow up...

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
221 6 7
Update/follow up Daily chart ... Bull divergence...Break (with possible retest (explains bull divergence ?) ) or go long in the channel?Price is going fast down..Indication? Good luck.....
Trade active: Bounce at the lower channel TL !!! Possible long in the channel...
Trade active: If price breaks trendline watch out for bearish and retest/pullback..
Comment: 0.65700 is a important support ..Bounce or break...
Comment: Pullback?And short again?
Comment: support becomes resistance

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I am short on this down to the daily trendline.
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johan.verm fxmillions
And after this target?Short or long? Greetings..
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If it breaks the trendline with a clear break, I will hold for a longer ride. If it bounces I will consider long. But only if it bounces with an impulse.
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fxmillions fxmillions
Internal counting is a bit off. its actually a WXY, none the less an ending diagonal. Currently riding the fifth wave to the downside. will keep a close eye at the daily structure level.
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johan.verm fxmillions
Good analyse ..Thanks...Good luck!
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