DavoodWadi
Short

Adjusted Median Line Touch with Fibonacci 0.618 Projection

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
173 views
4
173 0
Hello Ladies and Gentlemen,

Last day we had chaotic selling of USD which pretty much looked like the C leg of an ABC correction.
The drop in DXY ended yesterday also, with C leg being shy of 1.00 times A leg.

Now I have a short setup in NZDUSD (and even a better one in AUDUSD ) and it's combined with Median Lines for synergy.
( Borrowed the word from Jim Kane's book on Median Lines which i also learned this technique. )

I tried to project the this correction from an old correction which is much bigger than this one both time-wise and price-wise.
Now, the incredible thing is how the median line has been touched to the pip and bounced.

I wish you guys a profitable week.

Don't Trade My Ideas Please.
Take Care.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out