25/06 – NZDUSD Alternative view coming into play

Hello! Another post on an NZD pair.

My last idea on Tradingview suggested a correction was underway, but the market continued higher and proved me wrong.

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<p><a href=”https://www.tradingview.com/v/xOL54raD/”>Bearish bat in the making</a> by <a href=”https://www.tradingview.com/u/traderWgun/”>traderWgun</a> on <a href=”https://www.tradingview.com/”>TradingView.com</a></p>
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I still beilive that a bearish turn is just around the coner.

4HIt seems like we are in the final and fifth wave to the upside. If we compare wave 1 with wave 5, we can see that the market has already reached wave 5=wave 1. Next targets for wave 5 are .8790 and .8825.

If we look at the weekly count you will see why I hold a bearish long term view. English-240x120-logo-80151WWe are probably within a complex wave B in a flat, so we could exceed the .8847 high before lower.
Alternative we have already completed a flat and are now doing an impulse.

alt

 

Anyway, we should at least see a correction if we look at the short term.

1H 5M

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Disclaimer: None of the content above should be taken as trading or investment advice. The content of this blog is for educational purposes only, and it is aimed solely for the use by experienced traders in the FOREX market as the contents are intended to be understood by professional users who are fully aware of the inherent risks in FOREX trading.

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