NZDUSD yesterday, I posted on my website and alerted my subscribers that there was a MAJOR SHIFT coming. Well, today, we got that shift. Prices took a nosedive like a rock falling off a cliff on Mt. Everest!
Here's yesterday's chart where I gave my projection as to what prices were going to do:
In the main updated chart, you can see how well prices followed my predictions to the tee. But now that it's begun dropping, what to expect now? What I am now seeing is that we are starting a new downtrend which could be impulsive. So far, the wave (1) and (2) are complete. That means that it is now in the wave (3). That drop today should be the wave (i) of the (3). So we should soon see the wave (ii) retrace back up. This wave (ii) should also form the right shoulder of a potential pattern. When that happens, that will be an ideal setup to go short for the wave ( iii ) of (3). And I see that wave ( iii ) falling pretty far.
And it is this wave ( iii ) of (3) that I am really anxiously and PATIENTLY waiting for!
Want to be one of the first to know when that wave ( iii ) of (3) will happen and be alerted when it does? Subscribe here and receive REAL-TIME alerts, updates, analysis and charts like you see here and in all my posts. I give detailed charts with explanations and projections. Not just a few lines drawn here and there and leave it up to you to interpret them. Subscribe here: https://goo.gl/TJggoR
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
If you desire to receive ALL my analysis on pairs I trade and cover as well as REAL-TIME trade signals, consider joining my private group and my members. You'll get REAL-TIME trade signals and analysis as the trade happens and discussions those trades live. Interested? Go to efxselect.com to subscribe and get these signals in REAL-TIME!
Website: http://www.efxselect.com to subscribe
List of my ACTIVE Trades: http://bit.ly/2JkoaR3active
Sign up to mailing list: http://bit.ly/2iNieEY
Facebook Group: https://www.facebook.com/efxselect