FX:AUDNZD   Australian Dollar / New Zealand Dollar
804 6 92
Please check the previous post on this pair. We now have 3 wave corrective structure , remember that corrective structure can be complex so a 3 wave does not means the end of the correction. I will follow up on this pair with trade setup on lower time frame .
I am long, short term and long term on this pair .
Expecting weekly impulse to up side !

If you like my charts please click the thump on the top of the chart. .
Follow me to get instant notification when i post trade setup. I normally post them when I see one ,sometimes just minutes before it triggers.
Training : add to skype mangal457
Where you have the wave 5, is at the high of the MACD, (which I find is always where the wave 3 is) then the MACD goes down to cross the zero line (which is always what wave 4 does) and then if the price goes up, which it seems to be doing, then the price will make a new high while the MACD makes a low, (which is what happens with wave 5) and this then creates the negative divergence which comes before the larger wave 2 down.
I’m not saying I’m right as I trust your judgement completely but would love to get your comments regarding the MACD in this instance?
Either way though, I agree, this is a massive BUY over the long term!
Nice chart...
In this case I expect a nice chance to sell from upper trend line. It looks like we have a declining channel on 4h.
the low of wave 1 is higher than the low of wave 2?
+1 Reply
no it's not
+2 Reply
pippo anilmangal
my mistake, sorry
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out