TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

$NZDUSD 26 Nov 2010

by Gav

While the NZDJPY setup is still valid, I have another bullish setup found in NZDUSD. Again, I see confluence of Fib levels, support level, bottom of channel as well as my favorite bullish harmonic formation.

Setup 26 Nov 2010

Here is the chart to confuse you.

$NZDUSD Bullish Harmonic setup

Update 28 Nov 2010

The reversal zone of  the original harmonic setup was violated, no sign of reversal in the zone, so, no entry yet. However, while I was zooming out the chart, to look at a bigger picture, another bullish harmonic formation is setting up. Still, I see confluence of support and Fib levels at the channel band.

Here is another chart to confuse you, yet, again.

$NZDUSD 27 Nov 2010 Bullish Harmonic setup

Comments

Historical comments are preserved here. New comments are closed.

  1. John Adams — Trackback
    $NZDUSD 26 Nov 2010: While the NZDJPY setup is still valid, I have another bullish setup found in NZDUSD... http://bit.ly/gmwgw1
  2. Gav (Trader Gav) — Trackback
    Have a look at $NZDUSD 26 Nov 2010 http://bit.ly/ffexZy
  3. Alexander A.G. — Trackback
    Update $NZDUSD: In addition to @tradergav setup http://bit.ly/ffexZy >> SSI at -1.23 as 55% short >> more $NZDUSD gains likely
  4. Gav (Trader Gav) — Trackback
    Updated $NZDUSD chart(refer to Update 28 Nov 2010 tab) http://bit.ly/ffexZy original pattern was invalidated, and new pattern is found.

Recommended FX Charting

Recommended Training

Price Action Course for Professionals