( 5 pos in progress) week6 AUDNZD daily shooting star Counter Trend Short

https://nakedchartist.wordpress.com/2013/12/26/audnzd-big-plunge-since-april-2013-looking-at-price-action-from-current-resistance/

It is amazing to see how analysis on the big picture seldom fails. If only we can take investor’s timeframe to hold onto trades in forex, price level will eventually reach, just a matter of time.

audnzd monthly chart 030214

Price has indeed reached the giant 13TL and now formed a bounce.

On d1 chart,

a key resistance , 2006 low has price reaction on it. A shooting star is formed.

week6 AUDNZD d1 perspective 070214

On h1 , a trade plan is formed after a small 1234 pattern has been formed.

week6 audnzd h1 1234 ctt 070214

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s