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PA-FX
Oct 24, 2017 4:24 PM

AB=CD Completion at yearly support  Long

New Zealand Dollar/U.S. DollarFXCM

Description

NZDUSD been in dump mode for a while now, and we are getting closer to important support level. we also have a possible AB=CD completion at that level. looking for possible reversal.

Comment

Hello guys!
It's time to start watching this level closely!

Comment

Pattern is now completed, at 1,618 fib extension, and at yearly support. It's Friday and i may wait to next week for entry reason. But look for your own rules of engagement and trade by your rules :)

Comment

Good start! Hope it get better next week :)

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Still looking good with another higher low now on 1H TF.

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Too bad no continuation after the two bullish days, but idea still valid. Be aware NZD news tonight!

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Finally Good NZD numbers and we took of :D

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We still looking good and she gave me the opportunity to add more, SL to BE on second position as soon i see a break of yesterday's high.

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Happy pips for those who managed to take this trade, so far so good!

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As i mention in the weekly overview on my YouTube channel, the retest of the neckline is an important level where we should expect a bounce up. Still looking good and early today i released my short hedge from last week and now left the initial long position only.

Comment

Good daily bullish engulfing, still hold the initial long on this trade.

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