ForexWeeklyAnalysis
Short

Pending Short NZD/USD 0.857X via Creative Counting

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
201 15 0
The chart should be self explanatory, just compare the similarities between them. Left is from 2013, right chart is right now. I doubt this falls under Elliot Wave Analysis so I just call this Creative Counting :)

Just providing this for fun.. and because it happens to line up with my Short Analysis on NZD/USD            

I opened a new forex account to track the performance for my analysis here on trading view, you can see my entries on NZD/USD             here: http://www.myfxbook.com/members/FXWeeklyAnalysis/forexweeklyanalysis/864999.
ForceFollower
2 years ago
At what level do you expect this up trend to exhaust itself? 0.86?
Reply
ForexWeeklyAnalysis ForceFollower
2 years ago
I plan to continue loading shorts until 0.866X
Short NZD/USD between 138 and 161.8 fib levels
Reply
ForexWeeklyAnalysis ForexWeeklyAnalysis
2 years ago
I already have 30% loaded, another 10% to fill at 0.8580. I have 60% saved if we continue to move up to 0.866X.
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ForexWeeklyAnalysis ForexWeeklyAnalysis
2 years ago
For the record, this isn't an intraday position. This is more of position/long term trade for me.
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ForceFollower ForexWeeklyAnalysis
2 years ago
Up to 0.866? That's a long way to go for me. So I'm going long up to your ultimate entry level.
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ForexWeeklyAnalysis ForceFollower
2 years ago
I hope you're going long for your own reasons rather than simply going long because I want to short up there.
Reply
ForceFollower ForexWeeklyAnalysis
2 years ago
Of course. :-) Did you think I did it to spite you or something? Not at all. :-) I've got my reasons to be bullish about this market - that's it. I just don't know, how far up it get to. if I fail, I'm 100% responsible for it - I wanted to go long anyway.
And I have all the due respect for your analysis and your decisions.
I understand that for every 'buy' there is a 'sell' - that's how the market goes.
Reply
MesbahRubel
2 years ago
im also shorting
Reply
itaskar
2 years ago
in from 0,8593
Reply
itaskar
2 years ago
there is a kind of double bottom(or HAS) in daily, target is somewhere around 0,8630-60
Reply
ForceFollower
2 years ago
I took profit at the 0.86 level. Maybe there'll be another chance to go long.
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I guess I didn't really specify, but given the arrows that I've drawn, the first target is 0.8400 +/- 50 pips (0.8450 to 0.8350). This is where bulls will be looking to reload longs on a test of previous resistance, then price will likely move up to a lower high (hopefully) to load more shorts for the big move down...
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ForceFollower ForexWeeklyAnalysis
2 years ago
Right. Lots pending buy orders just below 0.84.
Reply
Waiting for price to get into supply region to fill the rest of my shorts
Pending shorts in this region
Reply
Price may bounce sooner than anticipated:
NZDUSD short term long if low 0.85XX support holds
.
Reply
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