Am I correct to say NZD can head higher? My pathetic attempt to read the graph.
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Am I correct to say NZD can head higher? My pathetic attempt to read the graph.
Kiwi is still in the up trend channel, but there is some resistance around .7000 where an old broken TL also sits defending the way ahead
http://www.freeimagehosting.net/uploads/f26ed19a50.gif
Still within the channel and forward Kumo not turned bearish yet.
http://www.freeimagehosting.net/uploads/b6d3b55167.gif
kiwi worth a look , nice 5 down 3 up correction , with gartleyesque properties.
short.
http://iforce.co.nz/i/0msveuoq.jpg
Hi Paul
IMO the action may rise a little first into the grey box zone.
H4 chart is bearish on Ichi, and 30m is close to turning over.
http://i32.tinypic.com/2gtdx7s.gif
Action has been into the grey zone mentioned and as
shown in previous chart
http://i25.tinypic.com/wi4h8x.gif
Kiwi's looking a bit sad...............Spinning Tops all over the show which is a warning the market is loosing momentum.
H1 plot into thick Kumo, with leading Kumo turned bearish........ Perhaps a little fall of 100 pips would do it good.
No position as yet, but keeping a watchful eye,, and will pounce if the opportunity arises.
http://i28.tinypic.com/2w24dqq.gif
maybe like this?
only gave this a fifteen pip stop.
only got 23 off that myself tho there was up to 50 , BUT
theres a gartley on the 30 min chart now and divergence