FX:NZDUSD   New Zealand Dollar/U.S. Dollar
387 5 11
ultimately short, but first one long wave to go possibly. i long it with a reasonable sl for the coming days.
Comment: im happy. lower tf downtrend broke. :D
Comment: lets wait for the close (4hr instead of this 1hr tf)

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Comment: a CLOSE below this level is a close for my trade now. this wave should be a first first wave out of three or five waves of last wave in the diagonal. I want to see a full wave up, but being this one the last wave, exhaustion can happen easily. And counter trend trade on higher tf, so be careful :D

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Comment: no close, only tested the trendline several times. lets make the last wave..

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Trade closed manually
I counted the 5th wave as your 3rd, and I´m in from the top, so I hope you´re wrong :))
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richard363 sketchmaster
yeah i understand, but i expect to see an abc with an ending diagonal now, could be your way though:) will go down ultimately
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Yes, it will, but if it´s gonna go for one more it ewill take out the trade i have with almost +200 pips and such a great potential to go futher.
The best way to handle this, is go long, if the pair will turn around for the 5th one, then make a decision during the last wave up....and go short again from the top....
Anyway, thaks for your chart!
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That would mean, that this whole 5-wave thing at the bottom is a leading diagonal as a wave 1 of the last wave up...?
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richard363 sketchmaster
ending diagonal of a double three (Daily tf) thats how i saw it when posting the idea. And still holding.
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