Update - max of 76 pips reached overnight when the PA connected with the blue/red lines as mentioned yesterday as a potential target.
http://i34.tinypic.com/au719w.gif
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Update - max of 76 pips reached overnight when the PA connected with the blue/red lines as mentioned yesterday as a potential target.
http://i34.tinypic.com/au719w.gif
and a few more just now as retail sales up better than expected
Yes, I've recently taken a few more off at +100
http://i37.tinypic.com/344ee6h.gif
stellar rally from the kiwi but all good things must come to an end, pure elliot count warns of exhaustion with top in or one more rally to mid to late 74 and then short for a run to mid to low 60s.
http://iforce.co.nz/i/lbudsqwc.jpg
target met now if this is going to be a reversal point needs to take out 74 level first.
butterfly theory says 7520 as ideal and max of 7570
and then wait for confirmation to enter at 7375.
It's also within spitting distance of 78.6% retracement of the last peak to trough decline 82 to 49
my entry point stated earlier got triggered on Fri so I have short positions already , a tad premature perhaps .... I see resistance at around 7410 which is my average entry point
HI Peat.
I've got my eye on a possible re-trace of 3 waves.
It already looks like 3 clear waves on H1 chart (although not visable on this H4 chart
http://i37.tinypic.com/b3o8yr.gif
Updating - performing as expected (so far).
http://i37.tinypic.com/314yn42.gif