week11 week10 NZDUSD EWUS 2nd round, potential Double Top

Naked Chartist

w1 October 2013

First identified this EWUS pattern , basically a mega right shoulder in Oct 2013.

week6 NZDUSD EWUS 121013

Subsequently price did not take off and plunged all the way.
What it may be trying to do now is to form a Double Top to complete this right shoulder.

w1 March 2014

week10 NZDUSD w1 EWUS 2nd round 020314


Perhaps a good trigger will be via WR2D1B where i can see more confirmation.
This can be a start to play off this DT which can also set off a 8 months 1234 df

week10 NZDUSD D1 line Wr2D1B trigger for EWUS 020314

updated 060314

week10 NZDUSD D1 EWUS Double Top play 060314

I am now waiting for this to happen. Should it happen, this will be
a very good setup with small SL.
It will not be A trade in terms of setup, but A grade in terms of SL management.

update 080314

no reversal pattern in sight, only a D1 shooting star.
h4 candles shows poking at the ewus level.

week11 NZDUSD h4 EWUS price action 080314

View original post


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 )

Google+ photo

You are commenting using your Google+ 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 )


Connecting to %s