About meHi, my name is Nicola Delic, and I am a professional Forex Trader and Mentor. I have been trading professionally in the markets for 11 Years now, I created my own Hedge Fund that at one point was worth over $150 million, and throughout my career have bee
Larger trend of Dollar index remains BULLISH, from 2008 lows we have 5-wave structure, let's see if we continue to push higher and take 112-113 Fibonacci resistance or we go lower right away. To prove the end of the wave V, we need an impulsive structure to downside.
When we look at the indices from the beginning of the year, we can see just a bearish mood across the globe. The critical question everyone asks is this: Is it safe to hold indices or not yet?
From the 4H chart, we see that decline from November 2021 into March 2022 looks corrective. I'm going with the idea of completing FLAT correction as the primary wave count....
After the bullish 2020, the NZDUSD has found support between 50-61.8% of the previous cycle (0.8840-0.54644),
for the main count, we are going to label the highs at 0.7465 as the potential end of sub-wave (A) of the larger II,
my main focus is on short positions towards the mid-channel line and 38.2-50 fibs (0.66972-0.6461).
Invalidation for the current main...