NZDUSD the end of the Zigzag??

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
The NZDUSD             has reached the top of the cloud. This is also the 127% extension of the Zigzag (5-3-5) corrective pattern. Further, this is the 61% retracement of the previous down move. If the cloud holds I am expecting an impulse move down in the weeks to come.
Nice. I've got it as top of channel at resistance to be rejected down...
+1 Reply
SteynTrade PCTradeKop
Great thank you for adding some confirmation.
+1 Reply
NU is going up 1.6944 support
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Thanks I will watch for that. This would coincide with the Chikou span reaching the Senko Span B. It does look like wave five of the last last leg of the impulse still needs to complete.
stream SteynTrade
lol i think these chikou and senko just not let you see where the supports are .
stream stream
dont forget that all indicators are late , they know the past but nothing for the furure .. while you wait some indications you are going to miss the entries .Keep it simple and clear , and go in position in clear conditions and i promise you will get rich soon

Good luck
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