When you draw the Fib Retracement from the "Last Completed Swing" at the closing prices instead of using the wicks , you can see that price never closed below the 0.5 Fib Retracement Level.
Price moved below it and kissed the 200 Day Simple Moving Average and then moved back up above the Retracement Area and closed red for the day!
This is a buy folks! We do not have evidence of the buy yet on the daily chart , and you should not enter a buy yet unless your system tells you to do that!
Please check out my last Aud/Nzd analysis in the section "Link to Related Ideas" .... Press the play button if your on the Computer (Not Mobile) To see what happened next!
Price moved below it and kissed the 200 Day Simple Moving Average and then moved back up above the Retracement Area and closed red for the day!
This is a buy folks! We do not have evidence of the buy yet on the daily chart , and you should not enter a buy yet unless your system tells you to do that!
Please check out my last Aud/Nzd analysis in the section "Link to Related Ideas" .... Press the play button if your on the Computer (Not Mobile) To see what happened next!
