About meSR Wave Zones Trading Technique.
Created by K.K. Choi
These zones are drawn based on historical waves pattern created by previous candles. My unique style of charting.
Tesco - Correction towards the Downside
Short term sell at the resist trend towards the downside within the consolidation circle,
if price break above the resist zone, price return back to uptrend again.
TRYTCHF-Buy at Support Wave Levels
Price is moving lower towards support levels, but as it has dropped much over the years, expect power of rebound whenever it reached every support level, so buy at supports and take profit at resist.
EURNZD-Trade the breakouts
In longer term this pair is moving back up for a larger correction of the dropped.
but at this level, there is a pressure of a pull back to the support levels and zones for consolidation towards upper side.
This Pair had broken the 50 Day MA since Late Sept. Early Oct. after the confirmation of drop through the 50 Days MA, price has been seeking further low, once price drop to support level at the wave zone it rebound for a small correction but rejection was strong and so price break the zone and again seek further low.
Therefore, wait for the correction towards...
EURJPY- Return to the downside for consolidation.
After a nice climb back up from 112.115, this pair is going through a consolidation back down to support levels and zones. so watch out for those zones, either help it to turn back round or if break them, these zone will become extra kick to the down side.