AUDNZD: Time to Buy , Going Against the Crowd!

FX:AUDNZD   Australian Dollar / New Zealand Dollar
612 14 10
Update:Trade Cancelled. RBNZ raises 2015 GDP growth to forecast to 3.2% vs. 2.8%. 2016 growth est. up to 2.2% vs. 2.1% previous
RBNZ says it sees inflation reaching the 2% midpoint in Q2 2014.
Head of central bank expects a 125bps of increases this year! a new tightening cycle starts
Unexpected strong revisions, and therefore I believe there is new information here. Accordingly, I cancel this trade for now.

I am looking for a bullish rebound, speculating on a potential buy the rumor sell the news event, i mean as the RBNZ is widely expected to hike rates by 25 bps             , market has been pricing in this decision for the past weeks, and i think there is limited downside for the pair following the decision. Alternatively, if the RBNZ fails to meet market expectations and surprisingly doesn't hike* rates, that would result in a major rally.

Technically, the completion of a three drive pattern supports the idea of a bullish rebound, in addition into a potential bullish divergence on RSI Momentum.

Keep stops tight and good luck
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
That was a missed trade.
is it still a valid chart? i've entered at 0576
Technician Flight OpsOfficer
Technically, the setup is still valid and may work. But am concerned about yesterday's new fundamental information. So that made me concerned, and when i am concerned i get pulled out of my comfort zone, and at the end well result in mismanaging the trade. So i prefer staying aside
Technician Technician
Trading is a very personal activity :)
i like it. not to mention this stupid looking gartley that got no reaction at 78.6
Ozayevable Ozayevable
and this 5-0 is still valid as long as the low holds.
Ozayevable Ozayevable
that or im looking for excuses to buy this cherry.
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