NZDUSD - Looks like it has started a bullish trend

When price breaks outside the base channel, it suggests an impulsive move is in play.
The two zones marked in orange often act as resistance and support for subwave (i) and (ii) of larger degree red ((iii) which is perfectly the case here.

Therefore, I'm expecting a continuation higher here to 6340 first followed by 6390.

Invalidation level is 6200.

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Note

We have started wave ((V)) higher now it seems.

Note

We're still in a sideways consolidation here.
It could be a triangle wave ((iv)) but could also be a wave B but because we had a nice impulsive rise before, I remain bullish this one.
(Alt count can be found on my Telegram Channel)

Note

No clear pattern here but all this overlapping price action and the fact we didn't make a new suggests we could see this go higher

ElliottWaveBelgium

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ElliottWaveBelgium

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