NZDUSD - Could be a Long in the Making

25 nov. 2016

Falling wedge looks to be in play + bullish divergence.

Low volume day so keep your hands in your pockets, await for confirmation as price at a good resistance point structurally and on top of TL.

28 nov. 2016

Note

PA broken TL as per poorly drawn squiggly line- wait for retest of same TL on opposite side followed by break of 0.708 structural resistance for long.

Note possible PA movement for bearish move similar to Wolfe Wave as per red arrows.
Patience

29 nov. 2016

Transaction en cours

Entered into a sneaky scalp long at retest of upper TL - likely to hold and convert to primary long position pending PA as it closes in on 0.712 level where there is strong structural & dynamic resistance.

30 nov. 2016

Note

0.712 smashed and looks like targeting 0.72

1 déc. 2016

Note

PA consolidating - usually signals a continuation of most recent moves = downwards in this case. Moved SL to entry and waiting for near term upwards break of 0.71 within consolidation zone which is a signal for upwards continuation where I will unwind half of position and hold remainder.

6 déc. 2016

Trade fermée manuellement

Taking full profit just short of 0.715 - wait and see