NZDUSD CenterBand Rejection Daily TimeFrame

By | May 18, 2016

NZDUSD on the daily, Posted May 18, 2016 –  See the attached video. This is a perfect example of one of the two ways to trade the center band rejection pattern. First the market breaks through the band then pushes back into it attempting a reversal which fails.The trade is in the direction of the original break. This is very similar to the break check pattern however, we are using the center bollinger band rather than the horizontal bounce point for support or resistance.

Leave a Reply