FullTimeTrader
Short

EURNZD-bearish shark and wave 5 completed

FX:EURNZD   Euro / New Zealand Dollar
498 6 14
Hello, looking a W1 chart we see a perfect bearish shark alread completed:


Here on D1 chart wave 5 is already completed, strong bearish divergence on AO.

Trade carefully because market is very volatile last days.

Regards.
Agreed
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FullTimeTrader IceTrading
nice concave resistance!
+1 Reply
Good work! Nice Risk Reward Ratios on offer here...
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Nice work yet again. May I ask why you sometimes use MacD & sometime AO? Horses for courses so to speak or do u have a preference? Thanks for all your great ideas, really appreciate it.
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Thanks for comments, i use AO to help on elliot wave counting (the peak is usually wave 3 as you see on the chart) AO is more "clean" for such purposes. When analyzing a chart using technical analysis i use the classic MACD.
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Marvin FullTimeTrader
I see. Thanks.
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