Hello traders,
Watching for trade setups in NZDUSD, should watch closely the price action now, if break up then I will look for buy setups. However, it seems that we could have an other leg down like previous moves. Price close to trendline, a bearish Cypher in place.
Weekly we are in a big corrective structure, waiting to confirm the way to fourth or fifth wave and will watch out for any break of the structure.Down should be the way overall for the pair.
Take care
Watching for trade setups in NZDUSD, should watch closely the price action now, if break up then I will look for buy setups. However, it seems that we could have an other leg down like previous moves. Price close to trendline, a bearish Cypher in place.
Weekly we are in a big corrective structure, waiting to confirm the way to fourth or fifth wave and will watch out for any break of the structure.Down should be the way overall for the pair.
Take care
Note
4H Chart. Waiting for a the break of the flag.It could be ready this week, so watch thatNote
350 pips drop, should have more drop after some correction 
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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.