looks like NZDCHF wanted to make a final correction going to play the up move will be looking to close between the 61.8 and 1 then make a final sell move before we make a long term bearish move
Closer view of ending move for NZDUSD bearish move Huge divergence Bundle of rejection sticks inside the PRZ Add this analysis along with your own Expecting price to bounce in the right direction anytime now but stop loss is opened up just in case it decides to take one more sell rally
the PRZ has been hit divergence shown we have broken the trend with moment the buy has been validated will buy in on the next correction *currently waiting for buy in*
based off of the 1hr view im looking to take a position in this channel. based off of the channel im projecting price to correct to about the 50% fib.
This is the bottom of our last wave seen in the triple that was seen in the daily time frame. There is some nice bearish momentum seen in the last candle. For now will hold the sell. Expecting to sell for about another 50 pips or so but if not we will take about 150 pips in profit and ride the bullish wave.
some structure prediction on the final swing predictions for this pair. By no means am I just going off of this to place positions but this is overall structure I will be digging deeper into time frames and higher depth analysis to place positions but for now this is a long term view.
we came just shy of hit the 38.2. I will play price action to see if the correction wants to push to the 61.8. RSI showing us a pretty sporadic move so based off of that I will play the opposing side and say we will be in the sell soon but an update to come on that. Hopefully we are looking at the start of a finishing move for this pair before we pivot to the...
will have to adjust to the structure on this pair but as of now I am seeing a triple that is making its finally bearish moves before its bullish rally. Also seeing some nice exaggerated divergence. We will see if that divergence becomes void upon the next following moves from this last rally.
A deeper dive into the 4h for NZDUSD giving us a more concrete PRZ already sitting at the 1.272. Hoping to end around the 1.618 around price at 0.653
Currently sitting in our PRZ. Making a finishing move on what is hopefully the last bearish move before we make a turn around. Expecting to see signs of pivot here soon
hopefully analysis speaks for itself. exception another buy rally but if price action calls for the sell we'll take it
Looking at a nice triple. With the last correction am hoping to see a nice ending diagonal. We are close to the trend line as well so we will be looking at price action to see if bounce off with some nice momentum. If so we will ride the wave up but for now am still seeing a bearish structure to break the trend line and finish out in a diagonal.
For those of you into elliot waves, this daily chart is showing a very nice triple. I don't believe this structure has made its final move yet but will be looking for a pivot point for a strong bullish structure here in the near future.