Nice long to potentially scoop up. But do so with caution.
Given you some action levels to consider on the chart.
Best of luck Tom
Comments
amonsalam
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can I ask you, which platform you use or which platform you prefer to use?
tanks for u time
Daniel.B
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Very good analysis once more! The conservative entry does look like the best way to play this =) Thank's for the chart post Tom! Cheers =)
TomProTrader
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Thank you Daniel! :-)
IvanLabrie
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I've been waiting for this bottom to materialize but I think it might be late, maybe short lived.
We'll have to see what Yellen does to be sure.
I'm not trading until right before the NY open, as a rule of mine.
Good entry btw ;)
moneymaking
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Solid rule mate :)
IvanLabrie
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Started doing that and only trading usd pairs (hence the rule).
This one looks interesting, if gold rallies like I expect it to it'll be nice. (I want to fade the top)
TomProTrader
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Sorry Ivan just realised you Private messaged me earlier. I shall have a look at your messages now.
Tom
TomProTrader
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Ashame we didn't see continuation. I was hopeful :-(. What do you think about this pair Ivan?
IvanLabrie
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It's a perfect trend continuation scenario...at least until gold decides to correct like I expect it to and hit 1160+ -and my limit sell-.
IvanLabrie
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(In Elliott terms, looks like we saw a triangle thrust in gold, which makes me think this is an ending move, at least in the daily. Hence, a retracement is expected, helping nzdusd take a breather soon).
Downtrend in effect, but viable to see a retrace soon.
tanks for u time