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ard3413
15 apr 2016 15:47

GBPNZD; is it boiling up for an impulse? 

British Pound/New Zealand DollarFXCM

Descrizione

this triangle may be end of corrective phase which is a combination correction.
only a break out above (d) wave of triangle AND moving impulsive is a confirmation for this setup because still it has room for downside.
note the divergence.

Commento

this is daily view. important swings make a gartley harmonic pattern and price is at 61.8% of weekly low to high movement. again note the divergence.

Commento

expecting wave C of flat

Commento

the (abc) corrective pattern in the chart is a kind of flat correction.
Commenti
UnknownUnicorn302563
Many thanks for sharing your idea as always. Cheers mate!
ard3413
your welcome :)
ard3413
*you're welcome
Altro