Currently live with a sell. MACD and Signal are set to cross down on the 4 hr chart as presented. We just got a strong rejection of MACD upwards cross through signal on the 1 hr chart. If we can get a push past 71.500 I think we will see an increase in momentum to retest. 71.000
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My call was late/off on this one. I was able to close with profit because I entered at the initial MACD signal zero line cross at around 72.000. My continuation sentiment was off as NZD strength and sentiment came out of nowhere after hitting key double zero level 71.600. Long wick close out at key levels confirm a strong retest.
Can’t win them all! However if I caught that Key level prior to submitting continuation idea my direction would have been completely different!
Can’t win them all! However if I caught that Key level prior to submitting continuation idea my direction would have been completely different!