$NZD vs. $USD 1H Chart.End of correction. Short term | #nzd #usd

FX:NZDUSD   New Zealand Dollar / U.S. Dollar

NZDUSD has been in a correction since 10.27.2017 starting the corrective structure from 0.68182 which is where Fib price ratios confluence were pointing, giving us the end of third ( iii ) motive wave.
So far, having completed unfolding into a Zig-Zag labeled in minuette degree, a. - b. - c. , the corrective nature was still present, and so after making a running flat (labeled x.), we're looking for a double-combination pattern, that of a Double Zig-Zag to end the corrective fourth (iv) corrective wave.
Price target for possible price-reversal is 0.70000(+/-) where fib-price ratios confluence pinpoint and also was the high of the smaller degree fourth (4) corrective wave.

Trade with Discipline
Nov 20
Comment: Never reached 0.70 area however correction ended.
Looking for more shorts
Nov 26
Comment: NZDUSD still in correction, looking to complete a bigger one, that of a flat pattern.
Nov 27
Comment: Price bounced exactly where we wanted.Expecting more rise
Nov 27
Nov 28
Comment: Price reached and pulled back exactly at 0.69400(+/-)
Will monitor price action to determine if that's the end of the bigger correction, so a running flat is in play or not.
Nov 29
Comment: Looking for short term sell opportunities, with big potential for a big drop,
if price does not break v wave's top.
Price is now 30 pips far from previous top
Nov 29
Comment: Price broke down
Dec 04
Comment: Target was hit, monitoring price to determine if correction is over
Dec 05
Comment: More upside
Dec 13
Comment: Finally, the price is heading to 0.70000 and maybe further.
More complex flat pattern, although still looking for drop after that.
Dec 14
Comment: Monitoring price
Thank you ChrisMark! Well done!
+1 Reply
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