Kiwi, not ripe yet !

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = NZD : DAY Chart (Posted Below)

You would not eat a green banana or a green tomato, therefore do not trade if the trade is not ripe.

Today's trading range was smaller than previous and completed as our 6th green candle in a row.

If you have been following our progression this week, you will be well aware of previous statements.

Tonight I have added 2 further things.

First copied the support line and moved it up to give a resistance line, presenting us with a downward trend trading channel. You will observe the top has been kissed.

Secondly I have shown Stochastics which is well in the OB area and attempting a crossover of its signal line.

Add in the RN and we start to have some confluence of events.

The likely route would be back towards the support line and with a minimum risk of the resistance line, this could give handsome rewards to those that wait for the "sunshine" to ripen our entry.

If price moved against our thoughts then we would be looking for a BOB and adopt our ESLT as taught in your webinars.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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