Timing is key
Short

Using Andrews to determine where the market is likely to go!

FX:GBPNZD   British Pound/New Zealand Dollar
152 9 2
Part 1 : Direction

This is a 60 minute chart of the GBP/NZD pair. It was drawn after the first touch of the median line .
The horizontal purple support & resistance line within the median line set gives us directional bias as to market direction. In part two I will zoom in closer and see what the forks are telling me.
ForceFollower
2 years ago
A very nice fork. :-) Let's see how low it can go now. The minimum target has just been hit. My next one is at 1.9224. I think the kiwi has still got some gas left.
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Timing is key
2 years ago
Thanks, I usually start with a big picture fork to see if I can determine directional bias, I can then zoom in and see if I can pinpoint an entry. Provided it doesn't break 1.9360 (previous support and then resistance) before hand your target at 1.9224 has got legs based on a short term final 5th Leg down.
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ForceFollower Timing is key
2 years ago
Right. So far so good.
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alex.a
2 years ago
It seems GBP is done and NZD has some to go ~
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ForceFollower alex.a
2 years ago
Perhaps, but I don't think so. It's just a decoy. :-)
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Timing is key
2 years ago
Hello all,

The market is still respecting this fork as can be seen by the touch of the Upper MLH & then the subsequent breakdown in prices again towards the ML, Quite amazing how the market continues to be defined by this ML set!

Thanks
TIK (Timing Is Key)
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ForceFollower Timing is key
2 years ago
Yes, congratulations on your excellent study!
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itaskar
2 years ago
beatiful! :)
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Timing is key
2 years ago
Appreciate it thanks
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