Hello friends
In the NZDUSD chart, we are witnessing the formation of a complete Elliott wave pattern. These waves from 1 to 5 are quite clear and you can even count its sub-waves. Now wave 5 is completing and we are seeing multiple divergences in wave 5.
With the break of the trend line drawn at the bottom and a pullback to it, we can expect the price to fall to the specified support.
The first support is 0.58500 and then 0.56800.
Good luck and be profitable.
In the NZDUSD chart, we are witnessing the formation of a complete Elliott wave pattern. These waves from 1 to 5 are quite clear and you can even count its sub-waves. Now wave 5 is completing and we are seeing multiple divergences in wave 5.
With the break of the trend line drawn at the bottom and a pullback to it, we can expect the price to fall to the specified support.
The first support is 0.58500 and then 0.56800.
Good luck and be profitable.
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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.