NZDUSD ANALYSIS
COULD THIS BE THE START OF CORRECTIVE WAVE A ?
OR COULD THIS BE PART OF CORRECTION WITHIN WAVE 1 ON INTERMEDIATE PERIOD?
NOTE: EMA LINES STILL SHOW UPTREND CONFIRMATION, THEREFORE AT THE MOMENT THIS SEEMS MORE LIKE PART OF WAVE 1 INTERMEDIATE.
ADDITIONALLY MACD SHOWS ONLY 1 WAVE COMPLETED IN THE UPTREND WHICH INDICATES MORE POSSIBLE UPTREND MOVEMENT?
WE SHALL SEE !
COULD THIS BE THE START OF CORRECTIVE WAVE A ?
OR COULD THIS BE PART OF CORRECTION WITHIN WAVE 1 ON INTERMEDIATE PERIOD?
NOTE: EMA LINES STILL SHOW UPTREND CONFIRMATION, THEREFORE AT THE MOMENT THIS SEEMS MORE LIKE PART OF WAVE 1 INTERMEDIATE.
ADDITIONALLY MACD SHOWS ONLY 1 WAVE COMPLETED IN THE UPTREND WHICH INDICATES MORE POSSIBLE UPTREND MOVEMENT?
WE SHALL SEE !
Trade closed: target reached:
Wave A target reached, profit taken. Thank you NZDUSD :D
Trade active:
Wave B trade now active
Trade closed: target reached:
Wave B target reached, profit taken. Thank you NZDUSD :D
Now I shall wait for Wave C setup/confirmation and trade if appropriate.
Now I shall wait for Wave C setup/confirmation and trade if appropriate.