The patient traders wait for a kiwi pullback

by: Wednesday, October 29th, 2008

The 30 minute NZD/USD has been climbing up the support of the Wave for two sessions now and the patient, trend following traders have had opportunities to buy pullbacks along the uptrend.

As we approach the Thursday Asian session open there is a good chance the 0.5900 psychological level will send prices down towards 0.5850 support and an opportunity to buy weakness in the existing uptrend.

There is room to run higher.  The daily chart has resistance resistance at 0.6144 and this leaves more than two figures before prices hit that ceiling.

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7 Responses to “The patient traders wait for a kiwi pullback”

The patient traders wait for a kiwi pullback · Forex-Trading.ExplainedOnline.Net Said:

[...] Original post by [Technorati] Tag results for forex [...]

Comment made on October 29th, 2008 at 9:30 pm
The patient traders wait for a kiwi pullback Said:

[...] Original post by [Technorati] Tag results for forex [...]

Comment made on October 29th, 2008 at 9:36 pm
The patient traders wait for a kiwi pullback · Trade-Forex.ExplainedHere.Net Said:

[...] Original post by FXDD | Forex News | Forex Trading News | Currency Trading & FX Market News [...]

Comment made on October 29th, 2008 at 10:00 pm
Forex » The patient traders wait for a kiwi pullback Said:

[...] FXDD | Forex News | Forex Trading News | Currency Trading & FX Market News wrote an interesting post today onHere’s a quick excerpt The 30 minute NZD/USD has been climbing up the support of the Wave for two sessions now and the patient, trend following traders have had opportunities to buy pullbacks along the uptrend. As we approach the Thursday Asian session open there is a good chance the 0.5900 psychological level will send prices down towards 0.5850 support and an opportunity to buy weakness in the existing uptrend. There is room to run higher.  The daily chart has resistance resistance at 0.6144 and this leaves mor [...]

Comment made on October 29th, 2008 at 10:10 pm
The patient traders wait for a kiwi pullback · Forex-Trade.ExplainedOnline.Net Said:

[...] Original post by FXDD | Forex News | Forex Trading News | Currency Trading & FX Market News [...]

Comment made on October 29th, 2008 at 10:18 pm
Kiwi Pullback Said:

And did it pullback! good call!

Comment made on April 18th, 2009 at 12:04 pm
Rick Acosta Said:

I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Keep up the good work. Look forward to reading more from you in the future.

Comment made on June 22nd, 2009 at 10:48 am
 

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