Timing is key

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

FX:GBPNZD   British Pound / New Zealand Dollar
165 9
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.
Appreciate it thanks
beatiful! :)
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!

TIK (Timing Is Key)
ForceFollower Timing is key
Yes, congratulations on your excellent study!
It seems GBP is done and NZD has some to go ~
Perhaps, but I don't think so. It's just a decoy. :-)
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.
ForceFollower Timing is key
Right. So far so good.
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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