Wainting the end of the downtrend base on clone to the support + divergence to long
Wait for the end of down trend + divergence on support to enter long
Can be 2 simple direction : up or down Breaking this level down i will look at the CD leg of a cypher for 4300 Jumping up for another extension based on the 0.5/ 1.27-1.41 looking for a price at 8000. So wait, confirm and trade, maybe on 2017 :-)
Based on a cypher a shark pattern and the 0.382 retracement fib
The first target will be the 0.382 retracement in confluence with a shark and cypher pattern
With a ground at 1.43500 in april 2013 we are now around the 0.5 retr, of the last high at 2.7 of october 2008 :-) So .. can we see a reverse even little at his point arount 2.06500 ? or wait for the 2.22500 area to reach the 0.618 retr monthly. All is open but pound still strong can push it higher so trade you plan :-)
With a retr at 0.618 and the big down of nzd if this move continue we can have an higher top price for short around 2.32 or a downtrend for the CD leg until 1.26 area. Carefull with this very pair :-)) Follow you plan and trade it It can be neither of this two patterns also :-)
With a retr at 0.618 and the big down of nzd if this move continue we can have an higher top price for short around 2.32or a downtrend for the CD leg until 2.26 area. In any case be very very very prudent with this pair, it can move 200 pips like some others do it for 20. It can also be neither of this two pattern. Follow your plan and trade it :-)
To have it, we need a theorical B point at 1.54570 for the Gart or 1.58420 for the Butterfly, before the retracement for the C leg
To complete theses potential patterns, we need an theorical B point at 1.5450 for the Gartley or a B point at 1.5840 for the Butterfly, before the retracement for the C leg. Let see if that come to it :-)