ZRXUSD likely to fail in breaking down 100 SMA
The priceline of ZRX / US Dollar is likely to form a bullish gartley.
Initial X to A was not able to break 200 simple moving average resistance and now the B to C leg is hitting the 100 SMA resistance and likely to fail in break out.
Volume profile is showing less interest of traders here.
MACD turned weak bullish from strong bullish, but stochastic did not give bear cross sofar so we can wait for stochastic to give bear cross and then short.
I have used Fibonacci sequence to set the targets:
Sell between: 0.212765 to 0.255376
Buy between: 0.194078 to 0.174767
Regards,
Atif Akbar (moon333)
Initial X to A was not able to break 200 simple moving average resistance and now the B to C leg is hitting the 100 SMA resistance and likely to fail in break out.
Volume profile is showing less interest of traders here.
MACD turned weak bullish from strong bullish, but stochastic did not give bear cross sofar so we can wait for stochastic to give bear cross and then short.
I have used Fibonacci sequence to set the targets:
Sell between: 0.212765 to 0.255376
Buy between: 0.194078 to 0.174767
Regards,
Atif Akbar (moon333)
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