SHARP AUD NZD BREAKOUT BUT PULLBACK NEEDED ~ forex daily trading system review
OVERALL SCENARIO
- Consolidation at end of Major Downtrend;
- Possible Start of Move to Outer Downtrend Line;
- Broke Resistance of Pennant;
- Needs to Pullback to Start New Uptrend;
CHART 1 - END OF DOWNTREND
CURRENT SCENARIO
- Pennant Broken;
- Candle Signal Too Large;
- Weekly Range Exceeded;
CHART 2 - PENNANT BREAKOUT
ACTION STEPS
- Wait for a Pullback/Small Consolidation;
- Wait for another Strong Bull Signal to Start New Weekly Range;
- Enter Based on Daily Signal or 4H Chart Signal;
- Aim for 200 Pips;
RECENT EMAIL FROM CLIENT
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Duane Shepherd
(M.Sc. Economics, B.Sc. Management and Economics)
Currency Analyst/Trader
Contact: shepherdduane@gmail.com
Twitter: @WorldWide876
Facebook: DRFXTRADING
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