FX:NZDUSD   New Zealand Dollar/U.S. Dollar
221 5 8
PIN BAR D1 SPOTTED AT 127.2% OF PREVIOUS IMPULSE WAVE.
RSI DIVERGENCE.
H4 ALSO SHOWS BULLISH SIGNAL CYPHER COMPLETION OF BC             LEG, NOW HEADING FOR CD LEG.

H4 I PUBLISHED THE SELL IDEA (RED) WHICH WORKED OUT PRETTY WELL, NOW ANOTHER PATTERN (BLUE) FORMING.
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NOTE THAT IS COUNTERTREND AT THE MOMENT, NOT A REVERSAL. I WILL LOOK TO SELL UPON COMPLETION OF BLUE

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Hi have similar views, hopefully it will go past the trendline that has been forming But have room for profits before that in my opinion.Lets see :)
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+1 Reply
Andyle
a year ago
Hi PAT . I expected its retracement but i will wait for some clear signals . Last week it hit my long SL. :(
+1 Reply
PriceActionTrading Andyle
a year ago
Yes trading this is counter trend require more signals than usual.
H1 pin bar.
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+1 Reply
15/6/2015 UPDATE:
UP-ED UP-ED AND AWAY. IF H4 CLOSE ABOVE 0.7000 NEXT H4 BAR WE MAY SEE BULLISH CONTINUATION.
UNFORTUNATELY FOR ME, ONLY ONE OF MY BUY LIMIT GOT HIT WHILE THE OTHER IS STILL SITTING. SO I AM NOT TRADING EFFICIENTLY RIGHT NOW. WISH TO ADD BUT AT FAVOURABLE PRICE.
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INSIDE BAR FORMED ON D1
INSIDE BAR SIGNALS 2 THINGS DEPENDING ON WHETHER THERE IS A TREND BEFORE THE FORMATION.
IF TREND IS PRESENT : IT SIGNALS POTENTIAL REVERSAL
IF TREND IS NOT PRESENT : IT SIGNALS CONSOLIDATION/INDECISION.

RIGHT NOW THERE IS AN OBVIOUS DOWNTREND AND THIS INSIDE BAR COULD BE THE START OF A SHORT TERM REVERSAL, TO PRIOR SUPPORT/RESISTANCE LEVEL 0.7180 THEREABOUT.
THIS INSIDE BAR COULD/MAY BE BROKEN DOWNSIDE FIRST BEFORE SHOOTING UPWARDS. DO NOT PLACE A STRINGENT SL. GIVE OR TAKE 30 PIPS BELOW THE MOTHER BAR IF YOU ARE TRADING IT.
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