NZD/CAD

12 juni 2018At this point Ncad is showing some nice divergence between wave s 3 and 5 and we do have an ending diagonal. It only came off the 50% retrace fib, but we may be getting an A-B-C that may reach that level. Considering it is a 5 wave I would expect a 3 wave to follow, then more correction up. I drew a zone that we may get a flag from to continue down. If it makes a small correction and produces a buy setup I would look for it to go up to that .618, but as off now, looks like a completed 5 wave, but trading reversals within corrective structure is not my favorite setup considering the corrections they can go into, so this is just info for someone who can read price action, but simply put. count 5, then 3. The 5 wave measures out as a five 5 as wave 3 hit the 1.618 extension. Plus the overlapping price action, probably sell. At this point, just breaking trend line, confirmation will be a flag. If we get an A-B-C, scalping the "C" wave is the safest thing to do.

12 juni 2018

Kommentera

and why is puts extra indicators on my markup I have no idea. a glitch

12 juni 2018

Kommentera

To simplify things, that is the 200 and 800 MA on the 4 hr for you phone traders

17 juni 2018

Kommentera

Ncad is making a wave 5 ending diagonal, I will post a chart when I get home later. That will be an easy sell. It didn't give us that sell setup, but now it is making a better one.