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Medianlines

Adjusted Median Line Touch with Fibonacci 0.618 ProjectionHello Ladies and Gentlemen, Last day we had chaotic selling of USD which pretty much looked like the C leg of an ABC correction. The drop in DXY ended yesterday also, with C leg being shy of 1.00 times A leg. Now I have a short setup in NZDUSD (and even a better one in AUDUSD) and it's combined with Median Lines for synergy. ( Borrowed the word from Jim Kane's book on Median Lines which i also learned this technique. ) I tried to project the this correction from an old correction which is much bigger than this one both time-wise and price-wise. Now, the incredible thing is how the median line has been touched to the pip and bounced. I wish you guys a profitable week. Don't Trade My Ideas Please. Take Care.
Short
by DavoodWadi
AUDUSD Trending DownClearly the strongest trend in fx majors now. The AUD is getting overbought, so another leg down is likely to develop. Is the 0.8 level going to be hit? Well, I don't know, but 0.805 is possible, if bearish momentum grows. ----------- Disclaimer: There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
Short
by ForceFollower
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