NZDUSD in a daily corrective structure and now its making one more up before the big downside starts! Look for the 60 or 240m correction for buy setups to complete the (z) wave then we will look for the sell setups from the very top of the structure! Keep an eye on it! Thank you Keep following and support!
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Update in structure one more down is still possible so wait for confirmation of both sides
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60m view Looks like an ending diagonal!
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mlbo
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hi man. maybe you can help me out here. i followed nzdusd's upmove carefully since 17th january. then 26th january it broke 1h chart uptrendline. patiently i waited for a flag which imho broke 30th january.... just to take me out after showing patience and doing everything right for entry. so at what point i messed it up? only think that comes to my mind is that after the break of 1h trendline (26th january) i would have needed to expect a retracement wave up at minimum to 0.5 or 0.618 back up. considering this idea now we are at a highly speculative but interesting point. would be the 1.618extention of the potential flag's first move up. any help.. expecialy on what i did wrong ?
lemezohaib
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@mlbo, Check 60m update. It still has a potential for downside! I am still interested in sells!
mlbo
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@Zohaib_Malik, thanks for the update. what makes you say that you expect that high upmove before the sell / that long wave ?