Timing is key
Long

GBPNZD 240 on an upward retrace towards ML

FX:GBPNZD   British Pound / New Zealand Dollar
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3
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Hello all,

The Pound New Zealand is showing signs of a retrace towards the 50% balancing area around 2.00979.
Supporting this idea is 1.An 89 Bar fib count from the high, 2. A possible retracing range repeat, 3. The 50% retracement level 2.00979 4. A "Very Shallow" median line just above the 50% retracement level indicating weakness, 5. Two reaction lines crossing around the 50% retracement level. I will be watching closely around the 2 vertical lines for a shorting opportunity should price reach this level.

Sincerely,

TIK

It's correcting down now.
Reply
Timing is key IvanLabrie
Yes, now looking for what's going to terminate this move
+1 Reply
IvanLabrie Timing is key
AUD and NZD regaining strength now it seems...I want to short euraud, gbpaud and gbpnzd.
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HamedAghajani IvanLabrie
I am looking to Long AUDNZD at about 1.006, with a tight stop loss
+1 Reply
IvanLabrie HamedAghajani


Dark red arrows are time and price targets in the daily.
Yellow is weekly...bullish divergence in cci, rgmov finding support in a longer term trendline, and price target met ahead of time in the weekly.
This is a very bullish signal for me.
+1 Reply
HamedAghajani IvanLabrie
Added to you analysis I can see this extremely Bullish Harmonic impulse wave
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IvanLabrie HamedAghajani
Great exchange...would like to see timing is key's perspective on this.
Reply
Timing is key IvanLabrie
Very clear a b c with nice harmonics! I have read a little on Harmonic patterns and when their tuned in are absolutely awesome at catching the reversals. I would like to know if their are other harmonics for the XD & BD legs, just to see where D ends up! Please correct me if I am off base here:)
Reply
GcNaif Timing is key
i m expecting something like this. gartley in green and bat in brown
Reply
GcNaif GcNaif
sorry forgot toupdate the chart
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