NZDUSD is currently at the finish of wave 2 which happens to contain a complex correction (WXY) based on Elliot wave principle as you can see from the picture above. Wave C which should contain 5 subwaves ending the overall wave 2 is about to be played out. Let see how it plays out...
Trade Idea:
- Watch for a break of the red trendline for confirmation
- Enter with stops below price
- Targets: 190 pips
Goodluck and as always, trade safe!
Trade Idea:
- Watch for a break of the red trendline for confirmation
- Enter with stops below price
- Targets: 190 pips
Goodluck and as always, trade safe!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.