Confluence in the PRZ:
- Bullish completion
- 1.272BC projection ( )
- AB=CD ( )
- Bullish pattern completion
- 1.618BC projection ( )
- 4AB=CD ( )
- 2 unhit above price
- Possible support
- Strong channel support at PRZ
Note: ANZ Business Confidence released within an hour. I will not be entering AUD or NZD trades until news release.
Thanks for your support and don't forget to click the thumbs up button and follow for future updates and more trade ideas!
1) Wave 4 cannot overlap wave 1 (except in leading/ending diagonals and triangles)
2) A 5 wave motive structure is followed by a 3 wave correction. Maybe your 5 wave correction is leg A of a zig-zag?
Very nice trendlines, the bottom one may hold act as support for the long setup