"Top and Bottom Analysis" NZD/USD by ThinkingAnts Long

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Apr 11, 2019 4:40 PM

4H CHART EXPLANATION:

On 4H chart we have a Bullish View due to:

- Broken Descending Wedge Pattern
- ABCDE Elliott Pattern completed (On Elliott Wave theory this is consider as a Bullish Signal after the full Count)
- Bearish Divergence on MACD

If price Breaks out above 0.67800 we will be looking for long positions towards 0.69200, paying attention to the middle Support zones .

Updates coming son!

MULTI TIMEFRAME VISION

-Weekly

-Daily

Comments

aristotelis.tso

⋅ Apr 11, 2019 7:49 PM

Great work..I am in too!Needs patience this month.

ThinkingAnts

⋅ Apr 11, 2019 11:16 PM

@Aristotelis.tso, Thanks for the comment! Definitely, we think this is all about being patient on the markets.