nzdusd -- still bearish
A number of possibilities here. It looks like a WXY correction from the high -- in sum for W. This up move is corrective and would serve as a major X, for another leg down for Y.
Alternatively the high from the Sept ED could be a LD (Leading Diagonal), although not all the inner movements are down in 5.
In sum this pair remains bearish and NZD is weak. I will update to this thread.
Alternatively the high from the Sept ED could be a LD (Leading Diagonal), although not all the inner movements are down in 5.
In sum this pair remains bearish and NZD is weak. I will update to this thread.
Nota
The current upswing is corrective, yet looks likely to remain upward-moving for now. We may see a deeper move down on the next high (W), but if that is just a larger X wave, then probably up towards the trendline before a further move down for larger Y. I am still bearish on this pairNota
Frankly this pair is not clear at the moment, so it's best to wait until a setup becomes clear. The up move is corrective but has been strong so far. On the weekly, there is some possibility to move up higher for another leg of a huge correction. I will update this when I see a trade.Nota
It may be breaking up from a tri, so perhaps a pause and correction soonNota
Looking for a bit lower to complete X, before another move up. The move up so far has been choppy
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.