$NZD vs. $USD 1H Chart.End of correction. Short term | #nzd #usd
Traders,
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.
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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
Best
Comment:
NZDUSD still in correction, looking to complete a bigger one, that of a flat pattern.
Comment:
Price bounced exactly where we wanted.Expecting more rise
Comment:
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.
Will monitor price action to determine if that's the end of the bigger correction, so a running flat is in play or not.
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
if price does not break v wave's top.
Price is now 30 pips far from previous top
Comment:
Price broke down
Comment:
Target was hit, monitoring price to determine if correction is over
Comment:
More upside
Comment:
Finally, the price is heading to 0.70000 and maybe further.
More complex flat pattern, although still looking for drop after that.
More complex flat pattern, although still looking for drop after that.
Comment:
Monitoring price
Looking for more shorts