Timing is key
Long

NZDUSD - Converging Lines at 83270 for the 5 pivot?

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
226 8 3
Looking at around 83270 for signs of a bottom before a strong move to the target zones. Idea based on a 5 pivot completion, which if confirmed is also an SEP ( Skewed Expanding Pivot ) ie. each successive swing is not only larger but skewed to the downside along the 0-4 line. Will be watching for a reversal at the latest ML.

Sincerely,

TIK
iTradingForex
2 years ago
I like it! Check out the larger context too though...pretty strong downside there.
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iTradingForex
2 years ago
snapshot
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Timing is key iTradingForex
2 years ago
Nice fork, shows real downward pressure along ML ( Lower Tops ) . Notice the ML is at the same angle as the most recent short term tops, hence, if it is broken, may well go to Upper MLH. Looking for a P5.....Let's see how this unfolds:)

snapshot
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Sam0101 Timing is key
2 years ago
U see support lies at 0.8275?
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iTradingForex iTradingForex
2 years ago
snapshot

Yes, please let there be some kind of bounce...p5 p7 p9 just let me short against this line haha :D
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Sam0101 iTradingForex
2 years ago
Is kiwi calling for reversal all the way to 0.84?
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Timing is key Sam0101
2 years ago
Hello GohSam,

Market fell hard and pulled up at second P5 Target, however, Since then it's bounced its head again on the 0 - 4 Line and it's failing around the lower warning line....telling me if it closes below WL good chance it will drop to the next Equidistant WL. Unless this 0 - 4 line above breaks I say No to .84
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Timing is key Timing is key
2 years ago
Getting Close To Next WL. Should bounce from here

snapshot
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