Idea is based on a combination of EW theory and median line analysis. The rationale behind this setup is shown on the chart. Unfortunately due to the dynamic nature of my TA I cant give you a fixed stop loss for the LONG setup. Use the RSI and watch price action to determine where to go LONG!. Please zoom out to see the pitchforks which I use.
Hi Hamza, kiwi is seems to be strong that it reluctant to fall any further. Nevertheless is this still going on?
NQunlocked
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Hi GohSam. several things you could do....
Sam0101
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kiwi is very strong and it trying to break 0.879 n blue line that u indicated. What do u think?
NQunlocked
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We HAVE to correct lower! but as you probably know corrections take longer time than impulses!. I believe this pair will head lower the next 2 weeks and perhaps even longer. Waves iv usually end just above waves i. So I will be patiently wait!.
Sam0101
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Yeah..... There will be correction but I think not now