PriceActionTrading
Short

ELLIOT WAVE 8 WAVE COMPLETION?

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
106 views
5
106 1
COMPLETION OF ALL 8 WAVES.
RESUME OF MAIN DOWNTREND?

POINT C AT MAJOR CONFLUENCE REGION
1) 200 SMA H4
2) 50 SMA D1
3) D1 BREAKOUT OF INSIDE BAR BEARISH PIN BAR
4) H4 RSI DIVERGENCE

WILL WAIT FOR PRICE TO CLOSE BELOW 0.745. SELL UPON FAVOURABLE RETEST OF 0.745.
IF PRICE IS REJECTED FROM 0.745. TRADE IS INVALID.

Comments

pin bar formed cutting 0.745 on the dailys.
did not close below 0.745 as required for the trade to be valid.
wait for the invalidation of that pin bar / failed pin bar.
trade invalid as of now until the failure of that pin bar.
Reply
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