Here we have a 4HR chart setup. NZD/USD
Its been determined that the trend is still down
Weekly (Down)
Daily (Down)
I have placed key levels which are the red & green lines. Also placed quarter point level in between. (EX: even level @ 0.6800 QP level @ 0.6825). QP levels are the black lines.
It looks to be on a retrace to the upside, or can consolidate which I have drawn a "CB" Consolidation Box.
Just stay patient and wait to continue the trend. ALWAYS! GO WITH THE WITH IT.
So far its respected the trend line.
I placed an CCI indicator to help us with confirmation as well. Since its a down trend we wait till the indicator crosses below -100, that will ensure us that there is strong bearish push to the downside.
Happy Trading Traders,
JFX
Its been determined that the trend is still down
Weekly (Down)
Daily (Down)
I have placed key levels which are the red & green lines. Also placed quarter point level in between. (EX: even level @ 0.6800 QP level @ 0.6825). QP levels are the black lines.
It looks to be on a retrace to the upside, or can consolidate which I have drawn a "CB" Consolidation Box.
Just stay patient and wait to continue the trend. ALWAYS! GO WITH THE WITH IT.
So far its respected the trend line.
I placed an CCI indicator to help us with confirmation as well. Since its a down trend we wait till the indicator crosses below -100, that will ensure us that there is strong bearish push to the downside.
Happy Trading Traders,
JFX
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.