TRADE UPDATE #1: NZDUSD BUY@0.65170
Updating the price moves on this trade, it appears that there are now 2 ways that I see it playing out.
1. Prices are now in a wave (3). It is now completing the wave (ii) of (3) and if that is correct, we will be seeing a wave (iii) of (3) coming.
2. Prices are still in a wave (2) and wave (3) has not started yet. Wave (2) is unfolding in a complex contracting triangle pattern with leg C done and leg D next. If this is the case, then we still have more consolidation left to go before we see the wave (3).
Keep in mind that all these price moves are within the larger wave (C) up which is part of the overall correction.
The recent price moves have setup a POTENTIAL Deep Crab pattern. with it's D point completing near my TP1.
Want to know how I plan on trading this pair going forward? Want the same BUY/SELL signals my members get? My members get complete REAL-TIME in-depth analysis, trades, alerts and signals on all pairs I cover as well as expert trading advice and tips. They received my TRADE ALERTS as the trade was happening and got the best entry price! Would that help you? Go here now to signup or to get more info: efxselect.com
*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
1. Prices are now in a wave (3). It is now completing the wave (ii) of (3) and if that is correct, we will be seeing a wave (iii) of (3) coming.
2. Prices are still in a wave (2) and wave (3) has not started yet. Wave (2) is unfolding in a complex contracting triangle pattern with leg C done and leg D next. If this is the case, then we still have more consolidation left to go before we see the wave (3).
Keep in mind that all these price moves are within the larger wave (C) up which is part of the overall correction.
The recent price moves have setup a POTENTIAL Deep Crab pattern. with it's D point completing near my TP1.
Want to know how I plan on trading this pair going forward? Want the same BUY/SELL signals my members get? My members get complete REAL-TIME in-depth analysis, trades, alerts and signals on all pairs I cover as well as expert trading advice and tips. They received my TRADE ALERTS as the trade was happening and got the best entry price! Would that help you? Go here now to signup or to get more info: efxselect.com
*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
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Facebook Group: facebook.com/efxselect
Twitter: @andrewefxselect
Website: efxselect.com
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