SHORT then LONG for NZD/USD
Updated
One of the scenarious for this pair is to go down a bit and then to attempt to rise as high as possible up to the trendline.
If you are planning to open long positions, wait for a deeper retracement (some of you may even attempt to sell).
After that ready the gun to strike up.
If you are planning to open long positions, wait for a deeper retracement (some of you may even attempt to sell).
After that ready the gun to strike up.
Note
There is a chance the terminal pattern in wave C position is being formed which might move the pair significantly down.
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.