It never ceases to amaze me how price seeks out median line and median line extended targets time after time. NZD is still in a strong downtrend, but it had a nice reaction off the 1st warning line of the lower median parallel. Is more downside in store?
At this point I'm still bearish, but the nice bounce off the line makes me want to wait and see before taking a stab at a trade.
At this point I'm still bearish, but the nice bounce off the line makes me want to wait and see before taking a stab at a trade.