m_maleklou

m_maleklou

Based on my Elliot Wave counting, It seems Gold will continue to $1730 after retesting $1600

m_maleklou

NZD/USD bounced from intersection of : 78% Fibo+Horizontal Support+Channel Border line & Indicators show Divergence

m_maleklou

1) AUD/USD is near a critical point which is intersection of upper band of downward channel+Horizontal Resistance+23% Fibo+EMA 100 and it is almost completing Double Bottom pattern. 2) Based on Elliot Wave It seems Wave 5 is completed. 3) MACD & RSI shows Divergence. so, based on these three it might be a perfect long position with a high Reward/Risk Ratio if...

m_maleklou

You can long if two below condition met: 1-Price break its above trend line 2-RSI break its moving average and its trend line upward

m_maleklou

On Sep 2019, price bounced from very strong support which was intersection of 3 powerful long time supports, and started to go up since then. Since Jan 2020, NZDUSD started a correction and recently in most of time frames below daily it os oversold and in hourly time frames shows divergence. I showed 3 scenarios in my published idea in which in worst scenario...

m_maleklou

Based on my counting wave 4 completed at 61.8% of wave 3 and 71.8% of wave 1 to 3 . In most of timeframes NZD/USD is Oversold and shows Divergence. . There is wonderful Long opportunity with al least 300 pips to reach top of wave 3

m_maleklou

End of Wave 4 & EMA200 in 4H & Bottom on the channel + Oversold & Divergence in 1H

m_maleklou

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