ForceFollower
Long

NZDUSD Back to Balance?

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Here's a little comic story I wrote - from one median line to another. The kiwi is currently neutral, though slightly bullish . The US dollar             is not as strong yet as it seems - its recent power display may be short-lived - as I find it long-term weak.

Is the story going to develop according to my scenario? We'll see - yet another reality show. All we can do is watch. Stay tuned.

-----------
Disclaimer:
There is a very high degree of risk involved in trading forex . I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial adivice. The presented set-ups are not solicitations of any order to buy or sell.

Related Ideas

itaskar
2 years ago
Piotr, I cant see the chart! :))
Reply
ForceFollower itaskar
2 years ago
I know. :) Too many callouts. A real-life comic book. :)
+1 Reply
itaskar itaskar
2 years ago
but I agree with your story :)
Reply
ForceFollower
2 years ago
Following my expectation of a return to balance, here's another (fancy) nexus balance line, which was created by connecting the central points (ie. crosses of the median line and the B-C line) of consecutive pitchforks. What's the value of it? I expect the pervasive force (that leaves footprints in a form of the trend) to make price return to balance, which is probably somewhere in the orange box area...
snapshot
snapshot
+1 Reply
delete ForceFollower
2 years ago
interesting... still LONG... Should see above .8640 thou...
Reply
ForceFollower delete
2 years ago
I'm sorry. I didn't know you'd already seen that post here. If I had known, I wouldn't have posted it in your thread. :)
Reply
delete ForceFollower
2 years ago
its OK.. Cheers :)
Reply
ForceFollower
2 years ago