your a gentleman and a scholar
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your a gentleman and a scholar
looks like possibity of wave 2 underway which if my count is applicable will allow a low risk
entry for wave 3 up
stop loss wave 1 low
possible entry around 50 - 61 retracement of wave 1
Hi DB
Checking for a potential turnaround wave 2 at the 618-786 Fibs.
(Gartley 382-618/786 perhaps??)
Low risk entry area 7490-7530 could be scaled in, or wait for reversal
pattern to appear. Current price 7532
Kiwi has given us around 70 pips so far off the trade idea
mentioned earlier today.
The daily chart looks very similar to Aussie, so in the short
term until the chart patterns becomes more clear longer term
positions are harder to predict with accuracy.
Taking decent size nibbles like we have today may be the way
to go until the situation is clearer IMO.
GTA - arco
a nibble for afternoon tea
http://img509.imageshack.us/img509/4...1112007yl9.jpg
http://img509.imageshack.us/img509/4...dcb3dcc203.jpg
imo currently running a 3rd wave of a c wave entered 7526 sl 7449
should hopefully run to about 7820 ish
still having problems getting my metastock nzd up and running but will post a chart soon
morning peat
yeah has been slow but worth the wait
morning chaps , being counting this one
i reckon this is shaping up for a look at a short
nice count currently starting a 3 of a c wave down
Hi All
Refer to chart in post 826.....
...............this is the continuation chart which shows if in the small blue Gartley (50-786) the 'b' leg is complete then there is the potential for a fall to the boxes below where we have a confluence of targets. 50% of the previous up wave (red Gartley) may be a point to look towards some support coming in. There could also be an element of support to break around .7560 where 2 old uptrend line merge.
After this event plays out expect the possibility of a reversal and a move further north IMO
rgds - arco