FUNTRADER-Vera
Short

NZDUSD: Inflection point of channel and FIBO 618

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
97 7 14
Traders:

NU now hit inflection point of rising channel which also is fibo 618 of the last huge dropping wave.
RSI 4H DIV             AND TREDNLINE BROKE.
Find you entry to short it !
Less is more!
Trade active: 0.7325
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In my vocabulary inflection point means a continuation pattern with the second derivate for a short time being at zero when the curvature changes. It's NOT a local maxima or minima. http://mathworld.wolfram.com/InflectionPoint.html
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this is a way to trade in a channel.
+1 Reply
bracken FUNTRADER-Vera
yes, but not if you believe it's an inflectionpoint we are dealing with here. Then it can't be a top. If you believe it is a top, you should not have used the word inflection point. just saying.....
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I never said it is the top.
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bracken FUNTRADER-Vera
I'm sorry, no you never said so. :-)
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Just took this trade...thanks vera
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good luck !
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