Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of downtrend.
Technical analysis:
.While the RSI resistance #1 at 73 is not broken, the probability of price increase would be too low.
.A peak is formed in daily chart at 0.9160 on 06/08/2018, so more losses to support(s) 0.9110, 0.9065, 0.9000...
this one i looked for sell at 4h 1d but i noticed the weakness of sellers above the breach area of 4 h guys . so i jumped to
lower timeframe to trade this one 4h 1h buy . spot the money spot only . but only i worried about the v formation becz . the v is not good .
1h ttf
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of downtrend.
Technical analysis:
While the RSI resistance #1 at 60 is not broken, the probability of price increase would be too low.
A trough is formed in the daily chart at 0.8785 on 05/17/2018, so more gains maximum to Trend Hunter Sell Zone...
NZDCAD ELLIOT WAVE STUDY KEEP WATCH TAKE MUCH PROFIT
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for...
