$NZD vs. $USD 1H Chart.End of correction. Short term | #nzd #usd
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.
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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
Note
Never reached 0.70 area however correction ended.Looking for more shorts
Note
NZDUSD still in correction, looking to complete a bigger one, that of a flat pattern.Note
Price bounced exactly where we wanted.Expecting more riseNote
Note
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.
Note
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
Note
Price broke downNote
Target was hit, monitoring price to determine if correction is over Note
More upside Note
Finally, the price is heading to 0.70000 and maybe further.More complex flat pattern, although still looking for drop after that.
Note
Monitoring price 
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.