More often than not, using the C-Matrix setup allows me to predict a major price reveral, long before it actually materialise.
This was exactly the case with the EUR/NZD a couple of weeks ago, when I began to smell a hugh downside reversal stemming from the technical situation of the big picture.
It all started when I noticed that price had failed to break above the local resistance key level of 1.7907. That was the first red light, which drew my attention much closer.
A couple of days later, when price was beginning to drill through the local support key level of 1.7743, while at the same time making it's way towards the mega key level of 1.7704, I knew it was time to take massive action.
Since then, we (me and The Chart Wizard members) literally made a killing on this move. Having said that, even though we've already taken 500 pips, my plan is to grab 500 pips more...
