TradeWaves-EWA

🎯NZDUSD is a good prospect for building a trading pyramid

FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar
●● Preferred count
● NZDUSD (IDC): πŸ•1M

As expected back in the distant 2019, after the completion of the double zigzag, growth followed, presumably within the third wave of the ending diagonal c of (IV).
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● NZDUSD (SAXO): πŸ•1D

Primary wave β‘’ is likely to show a double zigzag shape (W) - (X) - (Y).

In the area indicated by the blue channel, the completion of the correction (X) and the subsequent resumption of growth by the final wave (Y) is expected.

As a local alternative, wave (X) can take the shape of a triangle or a flat correction.
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● NZDUSD (SAXO):πŸ• 4h

I recommend keeping a part of the short position with an eye to implementing an alternative count.
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●● Alternative count
● NZDUSD (IDC): πŸ•1M

The alternative wave count has not changed. There is a possibility that the wave Ⓧ of I has assumed the form of a flat.
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● NZDUSD (IDC): πŸ•1D

Most likely, wave (C) of β“Ž will go beyond the top C of (B), level 0.54720, reaching the lower border of the 0-β“Œ-Ⓧ channel. Not a bad prospect for building a short trading pyramid.

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