ZRXUSD 4H UPDATE - 24/03/2018
Updated
Cycle ended on 19/03/2018 low at 0.35108044. Since then, ZRXUSD bounced in a 5 waves move (confirmed by RSI divergence), therefore I see an opportunity to go long after the correction of cycle from 22/03/2018 high is completed in a 3 waves sequence.
First 3 waves down truncated at 61.8%-78.4% extension. From there bounced in 3 waves to fail below last high.
Expect double correction lower if reached to buy 0.4485, Stop 0.3510, target 0.7390-0.8073 and open, stop below 0.3510.
First 3 waves down truncated at 61.8%-78.4% extension. From there bounced in 3 waves to fail below last high.
Expect double correction lower if reached to buy 0.4485, Stop 0.3510, target 0.7390-0.8073 and open, stop below 0.3510.
Order cancelled
the idea was there for a double correction. red -2- was not completed at the time of the graph, so level for green 2 was incorrect in this chart. Patrons were given live instructions and we bought the retest of 0.5076 with new low.I cancel this trade here as we did not reach equal leg area as shown on chart (even though I knew it on 25/03/2018 but transparency.
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