NZDJPY CQML TEST
Updated
CQML align with PH , combination of these two elements may result in a fakeout zone. If not, then the CQML level will be the level of swing low . Very hypothetical.
Expecting the market price to reach the CQML level within two weeks or sooner.
Expecting the market price to reach the CQML level within two weeks or sooner.
Note
Note
The CQML level turn out to be a fake out zone as it is aligned with the previous high. A new target for swing low at 66.326 is expected. The logic behind the FO level is that the big player is trying to lure in :i ) Breakout trader - to buy stop once it break the FO zone
ii) SNR trader - to buy limit at the FO/R zone ( resistance becomes support )
As of now , consolidation of market or uptrend is expected before it reach the target level.
Note
Note
Reacting towards the market movement , the market actually made a beautiful "flag limit" set up . Mistake is learnt. Always look to the left and analyse higher high profile .
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