NZDCAD 1h long setup, cathing wave 3
it seems that wxy type of correction has been ended.
wave 1 had been finished, wave 2 was flat, and now we are going for wave 3
wave 1 had been finished, wave 2 was flat, and now we are going for wave 3
Komen:
bigger picture:
Komen:
this is another possible scenario; just keep it in mind
Komen:
still the analysis is valid
Komen:
Komen:
as this structure developes and changes, i change my view on this pair.
it seems that price is making a triangle type of correction and there is another wave to downside and the structure will be WXYXZ . im waiting for a break out of the triangle to enter short.
it seems that price is making a triangle type of correction and there is another wave to downside and the structure will be WXYXZ . im waiting for a break out of the triangle to enter short.
Komen:
there is a very good trade setup here if you want to enter right now because of the bounce on the trend line
Komen:
at this point, i have no clue what is price doing..
we have to wait until we see a clear structure and reasonable trade set up
we have to wait until we see a clear structure and reasonable trade set up