So, this is the first post of the year. I am fortunate enough to have my weekly target hit during Tuesday and Wednesday session. And, we are expecting Non Farm Payroll at the end of the week, so I am not opening any new position for the rest of the week. Any of my 12 […]
NZDUSD
$NZDUSD 26 Nov 2010
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. [tab: Setup 26 Nov 2010] Here is the chart to confuse you. [tab: Update 28 Nov 2010] The reversal zone […]
Updated chart of $NZDUSD 13 September 2010
So now we are in the vicinity of 161.8%, and the last valid D of Bearish butterfly. Kiwi touched 0.7345 during Monday London session. We shall see if the pattern is to hold or invalidated soon. Short stop is above 0.7350 Here is the updated Chart, the Butterfly.
Updated Chart of $NZDUSD Bearish Butterfly
This is the quick update of my previous post of $NZDUSD. Kiwi dollar pulled back to 78.6% of the most recent down swing, the risk was back in town during the Wednesday session. And the bearish Butterfly pattern is still alive for now. I am watching the development of this pattern. As always, it is […]
Chart of the moment: $NZDUSD, a Bearish Butterfly it is
Here is what I see in Kiwi dollar ($NZDUSD). We are looking at a bearish butterfly pattern now, well, in case you are into harmonic pattern. Again, is the chart trying to tell you something? Trade well.
Chart of the moment: $NZDUSD 06 August 2010
I am not trading today, but still watching the markets. During my morning chart reading, NZDUSD again pops up. I shorted it yesterday, and position was closed. Kiwi dollar was back to 73c during Thursday U.S session. And, again, 73 cents blocked it. Here is the CHART. Do you see anything interesting? Enjoy! I am […]
