As you know, Kiwi got a boost from RBNZ's "hold" versus a "cut" as expected.
Since that spike, we have had the requisite overshoot before pullback started.
Now we have already lost "Ultra Bull" status, so bulls need to step here in soon.
.63724 - .63752 is a wide support zone with a cluster of Fibs within.
.63610 - .63632 is support and .618 of the spike, should bounce a bit.
.63468 - .63500 is last support of uptrend, really dont want to test it.
During the news release+presser, I made several trades based on "Pivot Points", as shown in this Idea:
See my other recent NU plots:
.634 Bounce Call
.643 Retrace Plot
.635 shorts Target
Since that spike, we have had the requisite overshoot before pullback started.
Now we have already lost "Ultra Bull" status, so bulls need to step here in soon.
.63724 - .63752 is a wide support zone with a cluster of Fibs within.
.63610 - .63632 is support and .618 of the spike, should bounce a bit.
.63468 - .63500 is last support of uptrend, really dont want to test it.
During the news release+presser, I made several trades based on "Pivot Points", as shown in this Idea:
See my other recent NU plots:
.634 Bounce Call
.643 Retrace Plot
.635 shorts Target
Komentar:
Still conforming to the fibs PERFECTLY
.
a real beauty here, NU and AU usually are not as compliant .... .
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
But I screwed up a little: I did not fib the last leg down which I have now added (red)
If I had the red fib on there, I might have mapped the bounce area as two possible zones of interest like this
So it bounced, but it might running out of steam here.
Thinking it will consolidate in the .638-.639 range until London Open.
I do think it will keep climbing, but might need a pullback to recharge.
.