GBPNZD about to correct and educational example

FX:GBPNZD   British Pound/New Zealand Dollar
179 1 13
Guy's I have been waiting for EURNZD             to reverse and it still can but GBPNZD             shows a great example on how to trade potential reversals. First of all it is important to notice that we most likely saw 9 waves higher from the low at 1.082627. Therefore I'm looking for a correction lower and not a new low at the moment. Once the correction is over we can buy the continuation.
There are 2 way's to trade, aggressive and more conservatively. The first one is to sell the 1-2-3 pattern within the channel where the second one is to wait for the break-consolidation and sell the third leg lower.
This is how to trade such set-ups, to my team I also teach how to determine whether such a set-up is a high probability set-up because that depends on market dynamic and where you spot such a set-up.


www. facebook             .com/wwwtimstuytscom
nice catch.. unfortunately couldn't grab it as I fell asleep looking at the screen. hoping to catch the wave up
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out