I was expecting a HUGE UPTREND but now the market is on CRITICAL LEVEL. -------------------------- DOWTREND POSITION -------------------------- if the market goes down, we want to buy around 1.51000 until the retracement to go re-test the trendline.
------------------------ UPTREND POSITION ------------------------ If the market break above and get back in the channel we are going to be looking for a BUY position until 1.55 short term and medium term 1.57!
--------------------- Simple trade, we must be patient, but trading is all a question of patience and wait for the perfect setup Its pretty simple because now we have either bull or bear but anyway both way we are going to make money! Make sure to LIKE and FOLLOW for more ANALYSIS. I will also make sure to ANSWER every COMMENTS/QUESTIONS below =)
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I bought, GAP up confirmed me that NZD is getting really weak!
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LONGER TERM VISION
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Another UPDATE, just to make you feel better about that buy =)
at time of writing, nothing suggesting this is going long on the daily...
jolicoeur342
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You want to BUY EARLY and EXIT EARLY, you must understand that even without candlestick pattern you know where the market will reverse, we have a monthly zone.
marcusfx777
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appreciate what your saying, with the stops as big as the ones you are using on the weekly chart you publish this is very possible.
nikolasbertolini
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I believe the reversal might happen between 1.5200-1.5220. Moving below 1.5150 nullifies the bullish view for a short while.
jolicoeur342
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It is happening now!
monzeraljarkas
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Am in this one long, as you said expecting it to go long last week, I'll set my stop higher to minimize the damage if it goes further down. Thank you for the chart