closed out at 1.2220
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closed out at 1.2220
Kiwi dollar is in freefall against other major currencies now. On course to hit new lows in a few months time. I suggest buying AUD/JPY and holding on.
So with the rises over the last few days when does one start buying A$.
This publication may help answer your question :)
Its issued weekly.
http://www.nbnz.co.nz/economics/publ...arketFocus.pdf
Regards,
Clearasmud
Hi All
This one looks like it may be one of those Gartley / Butterfly patterns to an untrained eye.:)
Any thoughts out there
Cheers
Slam
Edit: On the daily
Hi Slam
Not sure if you are looking at 'X' from 11/5/06, or from 6/7/06.
Although the larger is a wierd Butterfly pattern, the agreeing 'D' level from both gave a confirming point for a short and about 420 pips max presently.
I have been concentrating on the majors so sadly I didnt trade that one.
Regards - arco
Hi Arco
No I didn't trade it either ( The right way anyhow;))
Was just looking for the end of this run, which may be now for a Gartley, or could go on to be a Butterfly.
There I go thinking out load again:D
Cheers for the reply
Slam
Still heading lower and broken the lower support on the daily.
The reversal on this one should be nice;)
Cheers
Slam
Hi Slam
May be a ways to go yet....but lets see how it copes with 2 TL breaks first.
13 black candles in a row must be an omen [}:)]
arco in QLD
red on mine arco:D