NZD/USD H1

General Overview for 11/11/2013:

Very short term labeling for this pair shows a potential triangel breakout outside the Triangle wave (iv) green here.
Please notice that this wave progression might get very complex now and bounce/reverse might be in play after triangle is done.
Break of red line is first clue of count invalidation.

Support/Resistance:
0.8190 – Swing Low
0.8210 – Invalidation Line
0.8310 – Impulsive count invalidation line
0.8410 – 0.8420 – KEY LEVEL

Trading Recommendations:
Stay away until situation will be more clear UNLESS You like to trade Triangles, then short the levels on chart.

About the author

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

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