cmc

cmc

I'm waiting the break out and after consolidation i will go short.

cmc

patience....

cmc

5 wave's pattern end? First signal of the end of pattern was break the line between w2 and w4. The second and the confirmation of the end of pattern it is if the price go above w4 1.0772. Now we are in wave A or wave 1( which may be formed by 3 or 5 waves) So i wait a long setup

cmc

21 September can be a point of change in nzdusd

cmc

Signs of the end 1. line w2-w4 it was break ( red line) 2. Wave 4 complete returned soon What will be next ? 1. We are in wave A or wave 1 2. wait a pull back and then will be a good idea to short with Sl above a w5

cmc

look like a good idea to go long after the break of channel to reach w5

cmc Updated 

wave a was a simple, wave b was abc pattern and wave c was a 5's waves pattern. So, alternation principle fulfilled

cmc

w4 intersected w2 so, it is not w4 if the price go to the red rectangle( down)

cmc

wait to finish wave5 and entry after the price break line between w2 and w4

cmc Updated 

are two scenarios, both short first target 112.5

cmc

sell if the price close bellow blue trend line. Thats mean impulse C it is end. Sl above 0.764

cmc

I think we are in wave(5) from Wave C from wave 2( or B) lol

cmc

If it is end with a 240 pips risk the reward can be 2960 pips. hmmmm. Let see

cmc

I my opinion we are in wave 5 of wave(3). target 1.123. After w5 it is end will be a small correction to w(4) the level of wave 4( minor pattern). w(5) will be end a bigger wave C.

cmc

before a big move up or down the market need a accumulation or distribution period. Can be this one? We will see. GL

cmc

if wave 4 its finish, next will be wave 5 up. Sl top of wave 1

cmc

this can be a scenario

cmc

The phase E its a big leg up, let see if its happen. I think the price will be test the trend line and then go up.