More and More I find adding the T.H.Murrey math divisions along with fibo's are making sense, have a look at this 4H chart:
Just split the difference between fibo lines (marked in orange) and you will see candles stopping or starting to move off those divisions.
At present, I don't have a trade set-up for this pair as I'm seeing several pairs (kiwi post & Murrey explained in an Interview last summer) just out of reach at the moment, so I wait.
I'll be watching to see if the candles move higher to the intermediate (blue) moving average before I even think about getting in with a possible short.
The 50 sma is still sloping down, STOCH still up and MACD still climbing (as of close Friday)
No Sir....I'm not in a rush, I'll wait...ready to pounce
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