anilmangal
Long

NZDUSD understanding wave structure and how they behave.

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
19858 50 383
Hi Guys , please click on the chart tagged to see all the previous updates on this chart.
I am expecting more upside to complete the 5th wave in an expanding ending diagonal ( yes one more never-ending diagonal ). If you didn't catch any of the up move don't worr, the trade you don't want to miss is the sell !! I will be posting updates as we go. Buying on pullback on 60 mins is a good idea. I will look at the this in details tomorrow.


Trade with care
Thank you for your support.
Comment:
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Comment: 60 min view
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Comment: we will see very soon, if the DXY turns down from top of pattern then NZDUSD one more up.
snapshot
YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457
Spotted a buy setup on the 1 hour.
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debainnoob debainnoob
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Been looking at this pair for a while Anil.
Will be one of those "Super Charged" pairs.....Just needs a little more time to make it's mind up on direction,
although my view is a bearish one:)
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if nzd/usd makes a correction does that mean the sell trade on aus/usd will also go upwards again for that time?
+1 Reply
Are we assuming that the move up has been halted because of the break of structure? on this NU chart?
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Hello Sir,
I'm interested about your course.
I'll add your skype to get information.
Thanks.
Regards.
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is NZD going further down for correction?
+1 Reply
I'm quite confused about this pair. In your latest webinar, and in your latest update, you mention it is heading down, and anticipate a big move down (naturally we have to watch it after it breaks the structure lines). However, in your initial post at the top, you were expecting it to be in Wave 5, which would indicate a big move up? And you said you were buying any pullback.

Has this view changed then?
+2 Reply
Kumail Kumail
Also because you mention in the latest update, that if it breaks the trendline up (which it has), then anticipate a deeper correction - which would mean you're expecting more downside after the completion of the correction?...

Thanks, just learning! Appreciate what you share with us :)
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