next bullish wave on nzdusd H4 which is on support
Impulsive bullish wave (A) initiated on 5th Oct '18 was ended on 4th Dec '18.
Followed by corrective bearish wave (B).
Sub-waves of (B) are double combo waves (w)(x)(y).
Now (B) has retraced (A) at 0.5 fibo level.
And its sub-wave (y) is now equal to (w).
Also RSI14 makes bullish divergence.
Nzdusd may resumes bullish trend as imulsive wave (C) on next month
Invalidation level # 0.6420 last 5th Oct low.
Target 1 # 0.6970 last 4th Dec (A) high.
Target 2 # 0.7260 where (C) = (A).
Good trades
Followed by corrective bearish wave (B).
Sub-waves of (B) are double combo waves (w)(x)(y).
Now (B) has retraced (A) at 0.5 fibo level.
And its sub-wave (y) is now equal to (w).
Also RSI14 makes bullish divergence.
Nzdusd may resumes bullish trend as imulsive wave (C) on next month
Invalidation level # 0.6420 last 5th Oct low.
Target 1 # 0.6970 last 4th Dec (A) high.
Target 2 # 0.7260 where (C) = (A).
Good trades
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