NZDUSD - Could be a Long in the Making

2016年11月25日

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.

2016年11月28日

注释

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

2016年11月29日

交易开始

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.

2016年11月30日

注释

0.712 smashed and looks like targeting 0.72

2016年12月1日

注释

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.

2016年12月6日

交易手动结束

Taking full profit just short of 0.715 - wait and see