Nzdusdlong
NZDUSD | The best point to buy🎯Hello traders , NZDUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
In this symbol, waves 1, 2 and 3 have been completed and now we are inside wave 4.
Wave 4 is very long in terms of time and is in normal condition in terms of Fibo.
We think this wave is complex and from this complex wave the y wave is being completed.
We are inside wave c of wave y, and from this wave c, waves 1, 2, 3 are formed, and now wave 4 has started.
Wave 4, according to Wave 2, will probably be flat, which is long in terms of time and shallow in terms of price, and we still preferred not to specify a target.
If the Fibonacci retracement of 0.618 breaks at the price of 0.70000, it can be concluded that the correction process is complete and the leading waves are forming.
A further drop above Fibonacci 0.618 would be a very abnormal warning sign.
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NZDUSD: Pick Your Side ↗️↘️How do you think this pair will play out this week?
I have my levels of interest marked out, now it is a matter of time and patience.
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NZDUSDThe market had been falling for what seems like forever, so now it looks like we're going to try to turn things around and rally again. This will be a longer-term prospect, and it is not likely to happen overnight. To me it looks like it is probably only a matter of time before we try to regain some ground and pick things up going forward. Be cautious about your position size, but once the trade starts working on your favor you can go ahead and add.
Outlook on NZDUSD: Pullback presents an opportunity to sell On the H4 time frame, prices are testing a key resistance area. On the M30 time frame, a pullback to the resistance zone at 0.68500, in line with the 78.6% Fibonacci retracement presents an opportunity to sell to the next support target at 0.68200. Ichimoku cloud and 30 EMA are showing signs of bearish pressure as well. A break below the 0.68200 area could see prices push lower to the next support target at 0.68050.
Wait for confirmation and buying opportunity with NZDUSDH4 time frame.
Structure: The downtrend was broken at Key level 0.68300.
Wait for the retest signal to confirm the uptrend, then you can find buying opportunities.
Profit target is 0.70000 price zone.
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Wish you all have a good trading day!
NZDUSD | The best point to buy🎯Hello traders , NZDUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
In this currency pair, waves 1, 2 and 3 have been completed and now we are inside wave 4.
Wave 4 is very long in terms of time and is in normal condition in terms of Fibo.
We think this wave is complex and from this complex wave the y wave is being completed.
We are inside wave c of y, and from this wave c, waves 1,2,3 are formed.
And now wave 4 has started, wave 4 according to wave 2 is probably flat, which is long in time and shallow in price.
Preferably, we will specify a more accurate target in the next analysis.
If the Fibonacci retracement of 0.618 breaks at the price of 0.70000, it can be concluded that the correction process is complete and the leading waves are forming.
A further drop above Fibonacci 0.618 would be a very abnormal warning sign.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️