fximperija
Long

#NZDUSD rising channel harmonics

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Kiwi has established a support @7805. Bullish gartley possible completion @7846 and even lower test of channel boundary. Should not violate the channel. Last week net shorts totaled 2384 CFDs, compared to only 100 the previous week. Selling pressure increased .
I longed, but now out for a while, trying to figure out the current development. In Elliot terms, it looks like a triangle in a 4th wave position from the big decline, followed by an expanded flat and now a corrective leg up, but not sure. What are your thoughts on it?
Reply
Kiwi made new high just to drop and test very important TL @78, bounced back into the channel. With no new low this could be a nice long opportunity.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out