TradingView
Wave-Trader
Jul 8, 2016 8:08 PM

Correction Time  Short

New Zealand Dollar/Swiss FrancFXCM

Description

Watching for corrective move for trend continuation

Comment

Comment

Nice bounce off

Comment

If pullback again then buy again

Comment

Comment

I was expecting bullish wave but it seems to me that corrective channel extending itself even outside the channel but i am still looking for up move. This reversal pattern is not convincing me that bears are in control. I am expecting break up with impulsive move as it is forming reversal pattern so my idea is still valid. If you are not in then look for buy as much lows as you can Good Luck. Here is the update Guy.

Comment

Those who bought on lows may move on break even but there is high chance that price will test lows again but currently price trying to breakout and may be successful here is the update. Watching for price action

Comment

Here we got the corrective flag formation and updated idea.

Comments
fxfxfx
I am following this pair for a while, your idea is against the main stream (everybody is selling this pair) which makes it interesting, I am keeping my eyes on it.. Thanks for sharing
Wave-Trader
I dont care about others mate i follow my strategy if you are not comfortable with it than ignore it mate
Wave-Trader
Everybody is selling it just because of negative interest rate mate.
fxfxfx
Of course, that's the right way bro, it was a compliment, don't take it the wrong way.
Wave-Trader
Cheers mate Good Luck have a nice weekend
forexyoga
WOW. Great Idea!!!
fxfxfx
buy order placed @0.6950 with TP @0.7200
Wave-Trader
Good luck.
fxfxfx
watching for that pullback. thanks
Wave-Trader
If missed the first one then hope for the second mate Good Luck.
More