NZDUSD Swing Trades - 5 Wave Sequence
Purple FIB - main 5 wave swing trades indicated by numbers.
Wave 1 touching 61.8% FIB. Wave 2 touched and found support at 78.6% confirming a solid wave 2. MT trade target 38.2% Swing down for wave 4 to retouch wave 1 top at 61.8% with extension to below 61.8% level.
Orange FIB - wave 3 of the main EW.
Support at 88.6% FIB. Confirm FIB structure. Target 38.2% where level broken not retouched. Daily level. Target 61.8%
Wave 1 touching 61.8% FIB. Wave 2 touched and found support at 78.6% confirming a solid wave 2. MT trade target 38.2% Swing down for wave 4 to retouch wave 1 top at 61.8% with extension to below 61.8% level.
Orange FIB - wave 3 of the main EW.
Support at 88.6% FIB. Confirm FIB structure. Target 38.2% where level broken not retouched. Daily level. Target 61.8%
Komen:
Back into a long position.
Entry: .71515
Stop: .7144
Target: .72523 (completion of 5th wave of major 3rd wave)
Entry: .71515
Stop: .7144
Target: .72523 (completion of 5th wave of major 3rd wave)
Entry for long - .7170