There must be a comprehensive text, but I'm too lazy to write it.
There must be a comprehensive text, but I'm too lazy to write it.
One more wave is missing for an WXY pattern completion. Price is testing a key level where we should watch for any buy setup that we probably give us the last wave of this double three pattern.
I'm waiting for break out of the trend line for several sell setups.
this is 240 min view of NZDUSD. its in the complex correction. it seems that correction is about to end. I will look for a sell setup on lower time frames.
Warning! If initiate a long position, you need to wait some confirmation.
Expecting a reversal for the Pound to the upside in the near future. However at this moment I am inclined to sell as for all the indicators (structure resistance and moving average resistances). Without resisting current price developments to the downside; I will observe this subwave count to progress in its final wave v, before we resume trending with the bullish...
its Seems that Wave (IV) is not been Complete yet.i wait for end of (Y) to going short for (V)
I'm expecting price to bounce off the trendlind and make one more downward movement before shooting up and breaking the trend line. If price bounces off trendline and consolidates, it would be a good and sure short term sell, followed by a good and sure long term buy.
The first phase of the corrective structure is a clear flat. The second phase is underway, so it could be either the green triangle or the red ZigZag. If it is to be the triangle we should see a clear reversal at the Blue trendline resistance to complete the last leg of the triangle. On the other hand, if price clearly breaks the Blue trendline resistance, then we...
I am looking for a bull rather than a bear for this pair just because we are in the correction. For whole waves count of the bull trend, price seems to form an WXY and we are on wave b of wave Y.