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Timing_is_key
Oct 23, 2015 11:37 AM

1st Pullback to the lower Parallel! Long

New Zealand Dollar/U.S. DollarFXCM

Description

Nice PA Trade on a 1st Pullback to the lower Parallel & a Swithcback to the MPL.....Target 1st touch of the median line.... let's see how this unfolds on a 3:1 Trade..
Comments
look4edge
nice although i see kiwi up only above .6880

Timing_is_key
I see trend up if it crack's decisively above 6846....in which case I will probably cover & look to add on a PB......Same target the ML after that....
Tr8dingN3rd
Nice Job...looks very promising.

The only thing i see that make me think about it is, that the last PH (Pivot High) 0.685 is not broken, just pierced.
This would imply, that the flow is still down.

But it's a good RR, so it's really worth a try.

Cheers.
Timing_is_key
Yes, I noticed that too...May go sideways or re-test...will have to wait and see if the MPL holds!....
IvanLabrie
And Emilio's concern was right.
Great pair of chartists here.
Timing_is_key
Forker is the PA KING!! I tend to jump in too early
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