$NZD vs. $USD 1H Chart.End of correction. Short term | #nzd #usd
Aktualisiert
Traders,
NZDUSD has been in a correction since 10.27.2017 starting the corrective structure from 0.68182 which is where Fib price ratios confluence were pointing, giving us the end of third (iii) motive wave.
So far, having completed unfolding into a Zig-Zag labeled in minuette degree, a. - b. - c. , the corrective nature was still present, and so after making a running flat (labeled x.), we're looking for a double-combination pattern, that of a Double Zig-Zag to end the corrective fourth (iv) corrective wave.
Price target for possible price-reversal is 0.70000(+/-) where fib-price ratios confluence pinpoint and also was the high of the smaller degree fourth (4) corrective wave.
Trade with Discipline
Best
NZDUSD has been in a correction since 10.27.2017 starting the corrective structure from 0.68182 which is where Fib price ratios confluence were pointing, giving us the end of third (iii) motive wave.
So far, having completed unfolding into a Zig-Zag labeled in minuette degree, a. - b. - c. , the corrective nature was still present, and so after making a running flat (labeled x.), we're looking for a double-combination pattern, that of a Double Zig-Zag to end the corrective fourth (iv) corrective wave.
Price target for possible price-reversal is 0.70000(+/-) where fib-price ratios confluence pinpoint and also was the high of the smaller degree fourth (4) corrective wave.
Trade with Discipline
Best
Anmerkung
Never reached 0.70 area however correction ended.Looking for more shorts
Anmerkung
NZDUSD still in correction, looking to complete a bigger one, that of a flat pattern.Anmerkung
Price bounced exactly where we wanted.Expecting more riseAnmerkung
Anmerkung
Price reached and pulled back exactly at 0.69400(+/-)Will monitor price action to determine if that's the end of the bigger correction, so a running flat is in play or not.
Anmerkung
Looking for short term sell opportunities, with big potential for a big drop,if price does not break v wave's top.
Price is now 30 pips far from previous top
Anmerkung
Price broke downAnmerkung
Target was hit, monitoring price to determine if correction is over Anmerkung
More upside Anmerkung
Finally, the price is heading to 0.70000 and maybe further.More complex flat pattern, although still looking for drop after that.
Anmerkung
Monitoring price 
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