Cycle ended on 19/03/2018 low at 0.35108044. Since then, ZRXUSD bounced in a 5 waves move (confirmed by RSI divergence), therefore I see an opportunity to go long after the correction of cycle from 22/03/2018 high is completed in a 3 waves sequence.
First 3 waves down truncated at 61.8%-78.4% extension. From there bounced in 3 waves to fail below last high.
Expect double correction lower if reached to buy 0.4485, Stop 0.3510, target 0.7390-0.8073 and open, stop below 0.3510.
First 3 waves down truncated at 61.8%-78.4% extension. From there bounced in 3 waves to fail below last high.
Expect double correction lower if reached to buy 0.4485, Stop 0.3510, target 0.7390-0.8073 and open, stop below 0.3510.
Order cancelled:
the idea was there for a double correction. red -2- was not completed at the time of the graph, so level for green 2 was incorrect in this chart. Patrons were given live instructions and we bought the retest of 0.5076 with new low.
I cancel this trade here as we did not reach equal leg area as shown on chart (even though I knew it on 25/03/2018 but transparency.
I cancel this trade here as we did not reach equal leg area as shown on chart (even though I knew it on 25/03/2018 but transparency.
