this is 240 min view of NZDUSD.
its in the complex correction.
it seems that correction is about to end.
I will look for a sell setup on lower time frames.
its in the complex correction.
it seems that correction is about to end.
I will look for a sell setup on lower time frames.
Note
daily viewNote
price made a 3 wave structure and reversed to upside; there is likely one more wave to upside as WXYXZ corrective structure.Note
waiting for one more corrective structure to upside. those blue arrows behave corrective, so I anticipate one more wave to upside. If it breaks to downside i will wait until i see a nice correction and then i will decide for short setup.Note
since price breaks the trendline to downside and started the correction, I re-label my chart.Now there are 2 scenarios, I have 2 different strategies for both of them
Note
Note
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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.