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NZDUSD-Wave X) may be a running flat to reach 0.7240 again ?

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NZDUSD-Wave X) may be a running flat to reach 0.7240 again ?

MARKETCOMMENTARY:


1, It looks like a irregular flat in wave X) and currently we are in the C of X).


2. Once it completed or got rejection from the major resistance zone 0.7240  that is end of wave X) and Y) will start for the target 0.6600 approx.


3. Y) wave will be a a,b,c or ending diagonal also to reach the target.


 DISCLAIMER : All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS


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I think there will be resistance at 0.7150
nmkvijay
Author
Yeah may be..but i wil be looking for a sell trade only...expecting that as a target BUYING is not advice once the bigger trend is in bearish
@Camp:I agree, can go short near 0.7150 .
nmkvijay
Author
@Archibald
i wont suggest to anybody until u calculate the wave count and the structure to complete. NOT BLINDLY. tod trade in my view

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