NZDUSD wave 4 correction

8 november 2015

my forex analysis of elliot wave shows that the wave are in wave 4 for degree of heading to wave 5 to complete the impulsive wave in higher degree.

the candlestick on 240 indicate that the candle are exhausted and will go up if the buyers keep pushing the price.

the stochastic shows that the price are completely oversold.the seller might take profit.there are also divergence on the stochastic oscillator.

the area to look for go long is 0.6630. where is the confluence location between the channel trendline and the support area.the target profit can be set into 0.6780.

good luck!!happy forex trading!!!

this forex trading idea was published for the purpose of study only. all the risk taking are at your own responsibility.


A forex trader who enjoy doing forex naked chart and make profit with forex expert advisor.Also enjoy to socialize with other forex trader in the world.