NZDUSD Bullish Flag Offers Another Buy Setup

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
867 6 40
Price is moving in a corrective structure into a descending channel having already completed three waves and it's about to complete a fourth one. Most likely we may have another smaller wave into this correction in order to have a five wave corrective structure. We may buy from when we should have the five wave pattern completion (at a key uptrend) or we should wait for price to break above the channel and aim for another impulsive up move.
Comment: As expected price broke above the correction.. Watch for any buy setups before going long.
Comment: Tremendous results from simple chat wave patterns. This flag pattern worked wonders..!
RSI showing bearish divergence right now
Fxprotrader DavidMarcy_TradeHuntFx
Divergence is a sign that price may reverse soon.. Here we have a clear buy situation.. But soon this upmove will end, i agree with you..! Thanks for the comment..!
for sure! its annoying but my trading strategy wont let me take this trade because of that divergence. Nice charting though
Fxprotrader DavidMarcy_TradeHuntFx
From what i read from your comment you look like a very disciplined trader.. Well done mate.. Other setups will be there for you..!!
Definately. High discipline leads to better consistency!
Fxprotrader DavidMarcy_TradeHuntFx
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out