Do you remember how I got flushed down the toilet with my Weat trade? Well, here's another one - hopefully I don't have to deep dive again... Let's see if we can make something out of it. No, not entering immediately...there's a GAP that scares me to go long. Patience jung Padavan §8-) First I'l observe, how price behave down here at the centerline. Peace!
As we can see here on NZD/USD Chart there a lot of possibilities based by support and resistance (weekly strong) so either long (bounce) or short (a breakout), either way just waits for confirmation candle so we can minimize risk safe and happy trading DailyFx= Trend : Up Volitility : 15% News= NZD Bearish USD Netral
USDJPY is on an abc correction to the downside. were currently on wave 3 within wave A. And within that wave 3, were also on wave 3. We should see a big drop. News coming out soon as well. should see lots of volatility. use proper risk management. On my chart here i have fibonacci, elliot waves, and pivot points.
AUDNZD is approaching R3 major resistance level and is overextended past monthly R3. Looking for correction short setup here. R1 looks to provide quite some support, wait for that bounce to happen and then take the short towards R2 monthly support. I'll update this once the chart is clear when and where to enter.