NZDUSD 250+ pip trade based on Gann

Gann's 'Death Zone' is a 49-day cycle (7 days x 7 weeks = 49 days). It's shocking how many times a 49-day cycle can reverse a market. So it is no coincidence that the speed that the NZDUSD pair has dropped and has come into a major confluence zone of change. The highest probability move here is one higher - small probability of a continuation move lower. The Optex Bands are in a definite oversold condition on the daily chart. The 4-hour chart shows that the NZDUSD is primed for a push higher with the RSI being in a support zone and the Composite Index sloping higher and about to cross above its averages. Extremely bullish here.

Commento:

Venus Conjunct Chiron (Geocentric) - a shared low with most recent major low on October 31st, 2000.

Trade attivo:

Breakout higher imminent

Trade attivo:

Added 2 lots at 0.6566

Commento:

Added 2 more lots at 0.6502

Trade attivo:

Still active - prepping for bounce.

Trade attivo:

Took 4 lots profit at 0.67

Trade attivo:

Still holding and active - it's July 3rd, an important Gann date where moves culminate and trends terminate between July 3rd and July 7th.

Trade attivo:

Still holding, expecting a larger turn higher over the next two weeks. If not, I'll take the loss for tax purposes :-)