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 completing.
We are inside the wave c of the wave y and from this wave c waves 1, 2, 3 are formed and the last 2 waves, ie wave 4 and wave 5, must be formed. We specified the form of formation of these 2 waves and After the formation of these two waves, the price will rise to the price of 73230.
If Fibo 0.618 is broken, this wave will lose some of its credibility.
🙏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!❤️
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 completing.
We are inside the wave c of the wave y and from this wave c waves 1, 2, 3 are formed and the last 2 waves, ie wave 4 and wave 5, must be formed. We specified the form of formation of these 2 waves and After the formation of these two waves, the price will rise to the price of 73230.
If Fibo 0.618 is broken, this wave will lose some of its credibility.
🙏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!❤️