Hi Guys , just a heads up on this one, although it break you would want confirmation of down side so wait for a flag, it is a possible abc in the middle for one more up before the next impulse down. NZD has the same possible structure .
Do you consider news which impacts FX while your impulse move ?
Trader_Dale
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Based on Market Profile (volumes) and Price Action there is very strong swing support at 0.7246. There was about 2 week rotation where the big players accumulated their long trades and then moved the price agressively higher. You Can see this strong trading activity even on yearly volume profile!
If the price comes back to 0.7246 I think that the agressive buyers will come again and push the price higher once more.
Here is my analysis:
Hi Anil,
Can you please send me your website where you offer the wave analysis course.
Thanks.
Rahma1988
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Why sometimes there is a divergence at the end of corrective pattern which indicates the start of impulsive pattern and also at the end of impulsive pattern which indicates the start of corrective pattern , and sometimes there is no divergence at all ? How come ?! Anyone knows ?
lluiszardoya
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I'm short since 0.749 And willing to Hold it until 0.72
Nicemate
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Good morning Anil ! Do you think AUDNZD took off already, so we should wait for a flag and then buy, or in your opinion it is still going to the 0.886 Fib?
Thank you and have a nice day :)
Pietro