TRADE UPDATE #1: NZDUSD BUY@0.65170

Updating the price moves on this trade, it appears that there are now 2 ways that I see it playing out.

1. Prices are now in a wave (3). It is now completing the wave (ii) of (3) and if that is correct, we will be seeing a wave (iii) of (3) coming.

2. Prices are still in a wave (2) and wave (3) has not started yet. Wave (2) is unfolding in a complex contracting triangle pattern with leg C done and leg D next. If this is the case, then we still have more consolidation left to go before we see the wave (3).

Keep in mind that all these price moves are within the larger wave (C) up which is part of the overall correction.

The recent price moves have setup a POTENTIAL Deep Crab pattern. with it's D point completing near my TP1.

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