NZD bulls are tired..

Hi friends,

In this post i will show you why I think that the New Zealand pairs are building a correction soon.

First, almost ALL of them, NZDUSD, EURNZD, AUDNZD and GBPNZD creating and BB duplication on daily chart.

Second, they ALL created more than 20 candles ride and a divergence on the 4H charts. So for me it is a clear sign of NZD weakness coming very very soon.

I choose two charts to explain my thoughts.

NZDUSD 4H (Click to enlarge):

And here is the AUDNZD 4H (Click to enlarge):

I think I should not add anything else, just watch the chart and you will understand EXACTLY what the pairs tell us.

Happy forex trading

Yours,

Vladimir Ribakov
http://www.divergenceuniversity.com/

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.

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View Comments

Vladimir Ribakov says:

December 20, 2012 at 2:31 pm

NZD did the expected job :)

JPY are the next, a bit higher, and BOOM :)
Vladimir Ribakov says:

December 17, 2012 at 7:50 am

Thanks for that my friend

But I was talking for some deeper move which will come soon as well :)

Enjoy the holidays