NZDUSD - Sell setup after retest...

29 Agu 2016

I am expecting a retest of the lower line of the corrective wave pattern after breakout, and then a continuation of the bearish trend after the retest. Place sell after confirmation of retest is completed. Use your own proven strategies and place stops above corrective wave pattern. Trade carefully.

1 Sep 2016

Catatan

I think the corrective wave pattern has extended itself into a expanding triangle. So short sell setup is still legitimate if the pattern is completed, as this is a trend contination pattern. But, if I get a break and close above the upper trend line of pattern, my idea is invalidated.

5 Sep 2016

Catatan

The corrective wave pattern has not broken yet, so wait until pair reaches upper trendline of the previous correction and then sell. As always trade carefully.

7 Sep 2016

Catatan

Trade is playing out nicely here. You may wish to take advantage of sell opportunity presented here. Trade safely.

9 Sep 2016

Catatan

Trade still playing out the short. Here is an updated drawing of the pair. Enjoy. Trade carefully.